Micron Technology, Inc. (MU)

Micron Technology Stock Forecast

Stock Price Forecast

The 25 analysts with 12-month price forecasts for Micron Technology stock have an average target of 146.28, with a low estimate of 90 and a high estimate of 250. The average target predicts an increase of 42.38% from the current stock price of 102.74.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$90	$146.28	$145	$250
Change	-12.40%	+42.38%	+41.13%	+143.33%

* Price targets were last updated on Oct 8, 2024.

Analyst Ratings

The average analyst rating for MU stock from 26 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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	11	10	10	11	11	11
Buy	14	14	14	14	14	14
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	26	25	25	26	26	26

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Vinh Keybanc	Keybanc	Buy Maintains $145 → $135	Buy	Maintains	$145 → $135	+31.40%	Oct 8, 2024
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $150	Buy	Reiterates	$150	+46.00%	Oct 1, 2024
Tristan Gerra Baird	Baird	Buy Maintains $172 → $150	Buy	Maintains	$172 → $150	+46.00%	Sep 27, 2024
Hans Mosesmann Rosenblatt	Rosenblatt	Strong Buy Maintains $225 → $250	Strong Buy	Maintains	$225 → $250	+143.33%	Sep 26, 2024
Srini Pajjuri Raymond James	Raymond James	Buy Maintains $125 → $140	Buy	Maintains	$125 → $140	+36.27%	Sep 26, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

39.35B

Increased by 56.72%

from 25.11B

Revenue Next Year

47.09B

Increased by 19.66%

from 39.35B

EPS This Year

9.17

Increased by 1,209.85%

from 0.70

EPS Next Year

13.26

Increased by 44.62%

from 9.17

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 3, 2020	Sep 2, 2021	Sep 1, 2022	Aug 31, 2023	Aug 29, 2024	Aug 29, 2025	Aug 29, 2026	Aug 29, 2027
Revenue	21.44B	27.71B	30.76B	15.54B	25.11B	39.35B	47.09B	47.02B
Revenue Growth	-8.42%	29.25%	11.02%	-49.48%	61.59%	56.72%	19.66%	-0.14%
EPS	2.37	5.14	7.75	-5.34	0.70	9.17	13.26	12.77
EPS Growth	-56.97%	116.67%	50.78%	-	-	1,209.85%	44.62%	-3.66%
Forward PE	-	-	-	-	-	11.21	7.75	8.04
No. Analysts	-	-	-	-	-	42	37	13

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028
High	43.0B	57.2B	53.1B
Avg	39.4B	47.1B	47.0B
Low	33.8B	35.6B	38.7B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	71.4%	45.4%	12.8%
Avg	56.7%	19.7%	-0.1%
Low	34.7%	-9.5%	-17.8%

EPS Forecast

EPS	2025	2026	2027	2028
High	10.75	18.90	16.44
Avg	9.17	13.26	12.77
Low	7.04	8.13	6.15

EPS Growth

EPS Growth	2025	2026	2027	2028
High	1,436.0%	106.1%	24.0%
Avg	1,209.8%	44.6%	-3.7%
Low	905.2%	-11.3%	-53.6%

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.