Morgan Stanley Rates Micron Technology (MU) buy
Morgan Stanley has reiterated its buy rating on Micron Technology, setting a price target of $1,200, a 4.78% upside from the current price.
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Morgan Stanley rated Micron Technology, Inc. ($MU) "buy" with a $1,200 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.
Key Points
- On June 25, 2026, Morgan Stanley reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $1,200.
- Morgan Stanley's $1,200 price target implies 4.78% upside from Micron Technology, Inc.'s ($MU) current $1,145.28 share price.
- Micron shares are currently trading at $1,145.28, down from a previous close of $914.13, indicating strong market interest.
- Micron Technology has a market cap of about $1.05 trillion and a P/E ratio of 12.5, showcasing its substantial position in the semiconductor industry.
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Morgan Stanley Sticks with Micron
On June 25, 2026, Morgan Stanley reiterated its buy rating on Micron Technology, Inc. (MU) with a price target of $1,200. The firm believes in the company's potential, especially in the growing semiconductor market. This rating reflects confidence in Micron's performance despite recent fluctuations in its stock price.
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Analysts Set New Price Targets
Morgan Stanley's latest action comes as part of a series of positive assessments from other analysts. For instance, on October 13, 2026, Rosenblatt maintained its Buy rating with a target of $1,900. DA Davidson also kept its Buy rating, raising its target from $2,100 to $3,000 on October 7, 2026. Meanwhile, Mizuho adjusted its target from $1,300 to $1,400, maintaining an Outperform rating on October 1, 2026. These ratings highlight a generally optimistic outlook on Micron's future performance.
Stock Performance Context
Micron's shares are currently trading at $1,145.28, which is a notable increase from the previous close of $914.13. This price is still below its 52-week high of $1,255, suggesting potential for further growth. The stock has seen significant volatility but remains a focal point for investors in the semiconductor sector.
$MU price target
Micron Technology, Inc. daily closes and this analyst's $1,200 target. Not advice.
What Micron Technology, Inc. Does
Micron Technology, Inc. is a major player in the semiconductor industry, providing a range of memory and storage products. The company operates through various business units, focusing on sectors like cloud computing and automotive applications. Its extensive product lineup includes DRAM and NAND memory solutions, which are crucial for modern computing needs.
What's Ahead for Micron Technology, Inc.
Investors will be watching Micron closely as it approaches its next earnings report on December 23, 2026. The reaffirmation of the buy rating by Morgan Stanley, along with other analysts' positive outlooks, suggests that confidence in Micron's growth trajectory remains strong. Remember, the information from the latest analyst ratings reflects positions as of June 25, 2026, and may not represent future developments.
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Source: Morgan Stanley's rating change on $MU (Jun 25, 2026). Written by software, not financial advice. How we make alerts