Micron Technology, Inc. (MU)
NASDAQ: MU · Real-Time Price · USD
109.38
+3.63 (3.43%)
At close: Jan 21, 2025, 4:00 PM
110.79
+1.41 (1.29%)
Pre-market: Jan 22, 2025, 5:56 AM EST
Micron Technology Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for Micron Technology stock have an average target of 137.33, with a low estimate of 98 and a high estimate of 250. The average target predicts an increase of 25.55% from the current stock price of 109.38.
Analyst Consensus: Strong Buy
* Price targets were last updated on Dec 20, 2024.
Analyst Ratings
The average analyst rating for MU stock from 25 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 11 | 11 | 11 | 10 | 9 |
| Buy | 14 | 14 | 14 | 14 | 15 | 14 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 26 | 26 | 26 | 27 | 25 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $145 → $110 | Buy | Maintains | $145 → $110 | +0.57% | Dec 20, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $150 → $120 | Buy | Maintains | $150 → $120 | +9.71% | Dec 19, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $114 → $98 | Hold | Maintains | $114 → $98 | -10.40% | Dec 19, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $135 → $125 | Strong Buy | Maintains | $135 → $125 | +14.28% | Dec 19, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $180 → $145 | Buy | Maintains | $180 → $145 | +32.57% | Dec 19, 2024 |
Financial Forecast
Revenue This Year
36.03B
from 25.11B
Increased by 43.49%
Revenue Next Year
45.21B
from 36.03B
Increased by 25.46%
EPS This Year
9.03
from 0.70
Increased by 1,189.79%
EPS Next Year
13.40
from 9.03
Increased by 48.45%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 38.3B | 57.2B | 55.9B | ||
| Avg | 36.0B | 45.2B | 46.1B | ||
| Low | 30.5B | 29.7B | 38.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 52.7% | 58.8% | 23.7% | ||
| Avg | 43.5% | 25.5% | 1.9% | ||
| Low | 21.3% | -17.6% | -14.0% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 10.75 | 18.90 | 16.01 | ||
| Avg | 9.03 | 13.40 | 11.18 | ||
| Low | 7.04 | 8.20 | 3.46 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1,436.0% | 109.3% | 19.5% | ||
| Avg | 1,189.8% | 48.4% | -16.6% | ||
| Low | 905.2% | -9.1% | -74.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.