B of A Securities Rates Micron Technology (MU) buy
B of A Securities maintains its positive outlook on Micron Technology, setting a price target of $1,500, a 23.60% upside from the current price.
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B of A Securities rated Micron Technology, Inc. ($MU) "buy" with a $1,500 price target on June 23, 2026.
Since the rating, $MU is up 9.8% after 1 week, down 5.8% after 1 month and down 16.4% to date (from the $1,051.44 close on Jun 23, 2026).
MU
Micron Technology, Inc.
Key Points
- B of A Securities reiterated its Buy rating on Micron Technology, setting a price target of $1,500 as of June 23, 2026.
- Micron's stock recently traded at $1,213.56, showing potential upside based on the new target.
- Currently, Micron has a P/E ratio of 12.5 and a market cap of about $1.05 trillion.
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B of A Securities has reiterated its Buy rating on Micron Technology, Inc. (NasdaqGS: MU), setting a target price of $1,500. This update came on June 23, 2026, as the stock trades at $1,213.56. The firm, under analyst Vivek Arya, believes there is significant upside to the share price based on the latest valuation.
B of A Securities vs. the S&P 500
Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Micron Technology
Several other institutional investors have recently adjusted their positions in Micron. Blackrock Inc. increased its holdings by 1,681,279 shares, bringing its total to about 104.8 million shares valued at approximately $93.4 billion. Vanguard Capital Management LLC also added 519,296 shares, now holding about 73.7 million shares worth around $65.7 billion. In contrast, State Street Corporation cut its stake by 2,162,676 shares, resulting in 50.1 million shares valued at about $44.6 billion.
Micron Technology, Inc. Stock Up 32.8%
Micron shares are currently trading significantly below their 52-week high of $1,255. The stock's recent price of $1,213.56 indicates it remains well positioned in the technology sector, particularly in semiconductors, despite some volatility. Its market capitalization stands at approximately $1.05 trillion, reflecting strong investor interest.
$MU price target
Micron Technology, Inc. daily closes and this analyst's $1,500 target. Not advice.
Recent Earnings
In its most recent financial report, Micron reported revenue of $133.2 billion, showing a growth rate of 3.8%. The company achieved an earnings per share (EPS) of $74.33, with a net margin of 63.8%. The next earnings report is scheduled for December 23, 2026, which will provide further insights into the company's performance.
Analysts Set New Price Targets
Analysts have a strong positive outlook on Micron. On October 1, 2026, Mizuho maintained an Outperform rating with a target price of $1,400. TD Cowen also reiterated a Buy rating with a target of $1,600, while Morgan Stanley maintained an Overweight rating at $1,200. The consensus among the 46 analysts covering Micron suggests a mean price target of approximately $1,560.
About Micron Technology
Micron Technology, Inc. is a leading provider of semiconductor memory and storage solutions, serving markets in the United States and around the globe. The company operates through various segments, including data centers and mobile devices, showcasing its pivotal role in the tech industry.
Bottom Line
Investors should keep an eye on Micron's upcoming earnings on December 23, 2026, for more updates on its financial health. The reiteration of B of A Securities' Buy rating and the $1,500 target suggests strong confidence in the company's outlook, while the 13F filings reflect institutional positions that can shift in the future.
Related Filing Alerts
Source: B of A Securities's rating change on $MU (Jun 23, 2026). Written by software, not financial advice. How we make alerts