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Micron (MU) Stock Forecast, Price Target & Predictions

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MU Stock Forecast

Micron stock forecast is as follows: an average price target of $136.50 (represents a 39.67% upside from MU’s last price of $97.73) and a rating consensus of 'Buy', based on 31 wall street analysts offering a 1-year stock forecast.

MU Price Target

The average price target for Micron (MU) is $136.50 based on 1-year price targets from 31 Wall Street analysts in the past 3 months, with a price target range of $250.00 to $55.00. This represents a potential 39.67% upside from MU's last price of $97.73.

MU Analyst Ratings

Buy

According to 31 Wall Street analysts, Micron's rating consensus is 'Buy'. The analyst rating breakdown for MU stock is 0 'Strong Buy' (0.00%), 26 'Buy' (83.87%), 5 'Hold' (16.13%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Micron Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 14, 2024Vivek AryaBank of America Securities$125.00$107.8515.90%27.90%
Sep 27, 2024Mark LiBernstein$140.00$107.5030.23%43.25%
Sep 26, 2024Matt BrysonWedbush$140.00$109.8827.41%43.25%
Sep 26, 2024Joseph MooreMorgan Stanley$114.00$109.883.75%16.65%
Sep 26, 2024Hans MosesmannRosenblatt Securities$250.00$109.88127.52%155.81%
Sep 26, 2024Mehdi HosseiniSusquehanna$165.00$95.7772.29%68.83%
Sep 24, 2024Aaron RakersWells Fargo$175.00$94.2485.70%79.06%
Sep 23, 2024Angelo ZinoCFRA$140.00$93.5749.62%43.25%
Sep 19, 2024Brian ChinStifel Nicolaus$135.00$89.4350.96%38.14%
Sep 17, 2024Christopher DanelyCitigroup$150.00$87.1872.06%53.48%
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The latest Micron stock forecast, released on Oct 14, 2024 by Vivek Arya from Bank of America Securities, set a price target of $125.00, which represents a 15.90% increase from the stock price at the time of the forecast ($107.85), and a 27.90% increase from MU last price ($97.73).

Micron Price Target by Period

1M3M12M
# Anlaysts-1356
Avg Price Target-$145.31$145.07
Last Closing Price$97.73$97.73$97.73
Upside/Downside-100.00%48.69%48.44%

In the current month, the average price target of Micron stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Micron's last price of $97.73. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 14, 2024Bank of America SecuritiesBuyBuyHold
Oct 08, 2024Wells FargoBuyBuyHold
Oct 08, 2024WedbushUnderperformUnderperformHold
Oct 01, 2024Cantor FitzgeraldOverweightOverweightHold
Sep 27, 2024BernsteinOutperformOutperformHold
Sep 26, 2024WedbushOutperformOutperformHold
Sep 26, 2024Piper SandlerOverweightOverweightHold
Sep 26, 2024SusquehannaPositivePositiveHold
Sep 26, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Sep 24, 2024UBSBuyBuyHold
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Micron's last stock rating was published by Bank of America Securities on Oct 14, 2024. The company gave MU a "Buy" rating, the same as its previous rate.

Micron Financial Forecast

Micron Revenue Forecast

Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20
Revenue--------------$5.82B$4.73B$4.01B-$3.69B---$7.79B---$6.24B--$5.44B
Avg Forecast$13.38B$13.00B$12.39B$11.88B$12.12B$11.71B$11.42B$11.40B$10.75B$9.76B$9.02B$8.66B$7.65B$6.67B$5.35B$4.58B$3.96B$3.65B$3.71B$4.13B$6.73B$8.64B$7.53B$7.68B$8.23B$7.23B$6.19B$5.66B$5.89B$5.27B
High Forecast$13.95B$13.55B$12.91B$12.38B$12.63B$12.20B$11.90B$11.88B$11.20B$10.17B$9.48B$8.68B$7.67B$6.67B$5.35B$4.63B$4.12B$3.80B$3.87B$4.31B$6.97B$8.95B$7.80B$7.95B$8.52B$7.49B$6.41B$5.87B$6.10B$5.46B
Low Forecast$12.54B$12.18B$11.61B$11.13B$11.36B$10.97B$10.70B$10.68B$10.07B$9.14B$8.44B$8.65B$7.63B$6.67B$5.35B$4.34B$3.71B$3.42B$3.48B$3.87B$6.47B$8.31B$7.24B$7.38B$7.91B$6.96B$5.95B$5.45B$5.66B$5.07B
# Analysts88813131313666151588816128871177812881188
Surprise %--------------1.09%1.03%1.01%-0.99%---1.03%---1.01%--1.03%

Micron's average Quarter revenue forecast for May 24 based on 8 analysts is $6.67B, with a low forecast of $6.67B, and a high forecast of $6.67B. MU's average Quarter revenue forecast represents a 14.50% increase compared to the company's last Quarter revenue of $5.82B (Feb 24).

Micron EBITDA Forecast

Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20
# Analysts88813131313666151588816128871177812881188
EBITDA--------------$191.00M$-1.13B$612.00M-$-154.00M---$4.31B---$2.24B--$2.34B
Avg Forecast$5.24B$5.09B$4.85B$4.65B$4.74B$4.58B$4.47B$4.46B$4.21B$3.82B$3.53B$3.39B$2.99B$2.61B$2.42B$1.79B$1.55B$1.43B$2.20B$2.61B$2.67B$3.44B$2.00B$3.05B$3.27B$2.88B$1.82B$2.25B$2.34B$2.09B
High Forecast$5.46B$5.30B$5.05B$4.85B$4.94B$4.78B$4.66B$4.65B$4.38B$3.98B$3.71B$3.40B$3.00B$2.61B$2.91B$1.81B$1.61B$1.49B$2.64B$3.13B$2.77B$3.56B$2.40B$3.16B$3.39B$2.98B$2.19B$2.33B$2.42B$2.17B
Low Forecast$4.91B$4.77B$4.55B$4.36B$4.45B$4.30B$4.19B$4.18B$3.94B$3.58B$3.31B$3.39B$2.99B$2.61B$1.94B$1.70B$1.45B$1.34B$1.76B$2.08B$2.57B$3.30B$1.60B$2.93B$3.14B$2.77B$1.46B$2.16B$2.25B$2.01B
Surprise %--------------0.08%-0.63%0.40%--0.07%---2.15%---1.23%--1.12%

8 analysts predict MU's average Quarter EBITDA for May 24 to be $2.61B, with a high of $2.61B and a low of $2.61B. This is 1266.81% upper than Micron's previous annual EBITDA (Feb 24) of $191.00M.

Micron Net Income Forecast

Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20
# Analysts88813131313666151588816128871177812881188
Net Income--------------$793.00M$-1.23B$-1.43B-$-2.33B---$2.25B---$603.00M--$803.00M
Avg Forecast$4.79B$4.63B$4.25B$3.87B$3.82B$3.68B$3.38B$3.45B$3.14B$2.58B$2.17B$1.95B$1.25B$540.16M$534.47M$-1.13B$-1.29B$-1.81B$485.88M$875.84M$1.54B$2.75B$441.71M$2.36B$2.62B$1.93B$401.55M$769.78M$1.11B$841.58M
High Forecast$5.05B$4.88B$4.48B$4.08B$4.03B$3.88B$3.57B$3.64B$3.31B$2.73B$2.48B$1.97B$1.25B$540.24M$641.36M$-1.12B$-1.18B$-1.66B$583.05M$1.05B$1.60B$2.88B$530.05M$2.47B$2.75B$2.03B$481.86M$805.71M$1.16B$880.86M
Low Forecast$4.40B$4.25B$3.90B$3.55B$3.51B$3.38B$3.11B$3.17B$2.88B$2.37B$1.96B$1.94B$1.25B$540.08M$427.57M$-1.14B$-1.36B$-1.91B$388.70M$700.67M$1.49B$2.61B$353.37M$2.24B$2.49B$1.84B$321.24M$731.36M$1.05B$799.58M
Surprise %--------------1.48%1.09%1.11%--4.79%---5.10%---1.50%--0.95%

Micron's average Quarter net income forecast for May 24 is $540.16M, with a range of $540.08M to $540.24M. MU's average Quarter net income forecast represents a -31.88% decrease compared to the company's last Quarter net income of $793.00M (Feb 24).

Micron SG&A Forecast

Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20
# Analysts88813131313666151588816128871177812881188
SG&A--------------$280.00M$263.00M$219.00M-$231.00M---$263.00M---$214.00M--$216.00M
Avg Forecast$567.83M$551.54M$525.72M$504.00M$514.27M$496.86M$484.70M$483.64M$456.07M$414.06M$382.65M$367.65M$324.51M$283.00M$294.29M$194.42M$167.89M$154.89M$267.53M$233.41M$285.54M$366.76M$243.21M$325.80M$349.13M$307.04M$221.10M$240.31M$249.92M$223.66M
High Forecast$591.83M$574.86M$547.94M$525.31M$536.01M$517.87M$505.19M$504.08M$475.35M$431.56M$402.22M$368.50M$325.34M$283.00M$353.14M$196.51M$174.99M$161.43M$321.04M$280.09M$295.79M$379.93M$291.85M$337.50M$361.66M$318.06M$265.32M$248.94M$258.89M$231.69M
Low Forecast$532.20M$516.94M$492.74M$472.38M$482.00M$465.69M$454.29M$453.30M$427.46M$388.08M$358.38M$367.23M$323.69M$283.00M$235.43M$183.99M$157.36M$145.17M$214.03M$186.73M$274.58M$352.68M$194.57M$313.30M$335.72M$295.25M$176.88M$231.08M$240.32M$215.07M
Surprise %--------------0.95%1.35%1.30%-0.86%---1.08%---0.97%--0.97%

Micron's average Quarter SG&A projection for May 24 is $283.00M, based on 8 Wall Street analysts, with a range of $283.00M to $283.00M. The forecast indicates a 1.07% rise compared to MU last annual SG&A of $280.00M (Feb 24).

Micron EPS Forecast

Aug 27May 27Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Nov 21Aug 21May 21Mar 21Nov 20Aug 20May 20
# Analysts88813131313666151588816128871177812881188
EPS--------------$0.72$-1.12$-1.31-$-2.13---$2.01---$0.54--$0.72
Avg Forecast$4.26$4.11$3.78$3.44$3.40$3.27$3.01$3.07$2.79$2.30$1.93$1.73$1.11$0.48$-0.25$-1.01$-1.14$-1.61$-0.67$-0.02$1.37$2.44$1.98$2.10$2.33$1.72$0.95$0.68$0.98$0.75
High Forecast$4.49$4.34$3.99$3.63$3.58$3.45$3.17$3.23$2.94$2.42$2.21$1.75$1.11$0.48$-0.23$-1.00$-1.05$-1.48$-0.61$-0.02$1.42$2.56$2.07$2.20$2.44$1.80$0.99$0.72$1.03$0.78
Low Forecast$3.91$3.78$3.47$3.16$3.12$3.00$2.76$2.82$2.56$2.11$1.74$1.72$1.11$0.48$-0.27$-1.02$-1.21$-1.70$-0.70$-0.02$1.32$2.32$1.88$1.99$2.22$1.63$0.90$0.65$0.93$0.71
Surprise %---------------2.85%1.11%1.14%-3.19%---1.02%---0.57%--0.96%

According to 8 Wall Street analysts, Micron's projected average Quarter EPS for May 24 is $0.48, with a low estimate of $0.48 and a high estimate of $0.48. This represents a -33.31% decrease compared to MU previous annual EPS of $0.72 (Feb 24).

Micron Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
INTCIntel$24.20$35.3846.20%Hold
MUMicron$97.73$136.5039.67%Buy
AMDAdvanced Micro Devices$139.39$176.1126.34%Buy
QCOMQUALCOMM$164.71$192.4816.86%Buy
AVGOBroadcom$165.35$169.812.70%Buy
MRVLMarvell$89.34$87.03-2.59%Buy
TSMTaiwan Semiconductor Manufacturing Company$189.67$168.00-11.43%Buy
NVDANVIDIA$147.01$130.20-11.43%Buy

MU Forecast FAQ

Is Micron a good buy?

Yes, according to 31 Wall Street analysts, Micron (MU) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 26 'Buy' recommendations, accounting for 83.87% of MU's total ratings.

What is MU's price target?

Micron (MU) average price target is $136.5 with a range of $55 to $250, implying a 39.67% from its last price of $97.73. The data is based on 31 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Micron stock go up soon?

According to Wall Street analysts' prediction for MU stock, the company can go up by 39.67% (from the last price of $97.73 to the average price target of $136.5), up by 155.81% based on the highest stock price target, and down by -43.72% based on the lowest stock price target.

Can Micron stock reach $150?

MU's highest twelve months analyst stock price target of $250 supports the claim that Micron can reach $150 in the near future.

What are Micron's analysts' financial forecasts?

Micron's analysts financial forecasts for the fiscal year (Aug 2026) are as follows: average revenue is $46.64B (high $48.62B, low $43.72B), average EBITDA is $18.26B (high $19.03B, low $17.11B), average net income is $14.33B (high $15.12B, low $13.16B), average SG&A $1.98B (high $2.06B, low $1.86B), and average EPS is $12.74 (high $13.44, low $11.7). MU's analysts financial forecasts for the fiscal year (Aug 2027) are as follows: average revenue is $50.64B (high $52.78B, low $47.46B), average EBITDA is $19.82B (high $20.66B, low $18.58B), average net income is $17.54B (high $18.5B, low $16.11B), average SG&A $2.15B (high $2.24B, low $2.01B), and average EPS is $15.59 (high $16.44, low $14.32).

Did the MU's actual financial results beat the analysts' financial forecasts?

Based on Micron's last annual report (Aug 2023), the company's revenue was $15.54B, beating the average analysts forecast of $15.45B by 0.56%. Apple's EBITDA was $2.66B, missing the average prediction of $7.79B by -65.88%. The company's net income was $-5.833B, beating the average estimation of $-1.737B by 235.75%. Apple's SG&A was $920M, beating the average forecast of $823.72M by 11.69%. Lastly, the company's EPS was $-5.34, beating the average prediction of $-3.442 by 55.16%. In terms of the last quarterly report (Feb 2024), Micron's revenue was $5.82B, beating the average analysts' forecast of $5.35B by 8.92%. The company's EBITDA was $191M, missing the average prediction of $2.42B by -92.12%. Micron's net income was $793M, beating the average estimation of $534.47M by 48.37%. The company's SG&A was $280M, missing the average forecast of $294.29M by -4.85%. Lastly, the company's EPS was $0.72, missing the average prediction of $-0.253 by -384.95%