Citigroup Rates Micron Technology (MU) buy, $1,400 Price Target

Citigroup has reiterated its buy rating on Micron Technology with a price target of $1,400, reflecting confidence in the semiconductor firm, a 22.24% upside from the current price.

By TradeTexts Research Desk · Published Jun 25, 2026, 8:08 PM EDT · Updated Jun 30, 2026, 8:02 AM EDT

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Citigroup rated Micron Technology, Inc. ($MU) "buy" with a $1,400 price target on June 25, 2026.

Since the rating, $MU is down 19.6% after 1 week, down 25.8% after 1 month and down 27.6% to date (from the $1,213.18 close on Jun 25, 2026).

MU Micron Technology, Inc.

$878.84 +178.83% year to date

Daily close · Oct 16, 2026

Key Points

On June 25, 2026, Citigroup reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $1,400, up from the current spot price of $1,145.28.
Citigroup's $1,400 price target implies 22.24% upside from Micron Technology, Inc.'s ($MU) current $1,145.28 share price.
Micron Technology operates in the semiconductor industry, providing memory and storage products, and has a market cap of approximately $1.05 trillion.
The consensus among analysts remains strong, with an average price target of $1,560.57 based on 46 opinions, signaling continued optimism for the company's growth.

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Citigroup's Positive Outlook for Micron

On June 25, 2026, Citigroup reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $1,400. This rating comes as the stock is currently trading at $1,145.28. Citigroup's analyst, Atif Malik, maintains a long-term positive view on the semiconductor company, which is known for its memory and storage products.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -4.79% hypothetical

All-time return +28.94% S&P 500 +29.04%

vs. S&P 500 -0.10% behind the index

Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.

Comparing Wall Street Ratings

Citigroup's reaffirmation of its buy rating aligns with a generally optimistic outlook from other analysts on Wall Street. For instance, Rosenblatt maintains a buy rating with a target of $1,900, while DA Davidson also keeps a buy rating but has raised its target to $3,000. Mizuho recently increased its target to $1,400, reflecting a positive sentiment across the board.

Stock Performance Context

Micron's stock has experienced significant fluctuations, with a 52-week high of $1,255. The current price is well below this high, suggesting that it might be a good entry point for investors looking at its long-term potential. The stock's performance is also contrasted against its moving averages, with a 50-day average of $983.17, indicating it is trading above this level.

12-month forecast

$MU price target

Micron Technology, Inc. daily closes and this analyst's $1,400 target. Not advice.

Upcoming Earnings

Investors will be watching for Micron's next earnings report, scheduled for December 23, 2026. This event will provide further insights into the company's financial health and operational performance. Micron reported revenue of approximately $133.2 billion with a growth rate of 3.8% year over year, and a net margin of 63.8%, showcasing its profitability.

What Micron Technology, Inc. Does

Micron Technology, Inc. is a leading provider of semiconductor memory and storage products. It serves a global market, including the United States, Taiwan, China, and Europe. The company operates through several business units, focusing on various sectors such as cloud memory and automotive. Micron's diverse product offerings include DRAM and NAND technologies, crucial for modern computing applications.

What to Watch at Micron Technology, Inc.

Going forward, investors should keep an eye on Micron's performance in the upcoming earnings report and any further analyst updates. With the semiconductor industry continuously evolving, Micron's ability to adapt will be key to its future growth. Citigroup's reaffirmation of its buy rating reflects confidence in the company's ongoing potential, which will be crucial as it navigates market conditions.