Needham Rates Micron Technology (MU) Buy, $1,650 Price Target
Key Points
- Needham reiterated its Buy rating on Micron Technology, Inc. on October 22, 2026, maintaining a price target of $1,650.
- Needham's $1,650 price target implies 88.85% upside from Micron Technology, Inc.'s ($MU) current $873.69 share price.
- Micron Technology, Inc. closed at $913.67 on October 21, 2026, and recently traded around $913.62.
- Wall Street maintains a consensus strong buy recommendation on the stock with a mean price target of $1,560.57 across 46 analyst opinions.
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On October 22, 2026, Needham reiterated its Buy rating on Micron Technology, Inc. MU, keeping its price target unchanged at $1,650.00. The research note provides a forward-looking view on the memory chip maker as shares change hands below the firm's target price.
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Micron Technology, Inc.
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Needham's Call on Micron Technology, Inc.
Needham maintained its positive stance on the semiconductor company on October 22, 2026, issuing a Buy rating alongside a steady $1,650.00 price target. The firm left its target unchanged from its previous view. Other Wall Street firms also updated their outlooks ahead of the update. On October 1, 2026, Mizuho maintained its Outperform rating while raising its target from $1300.00 to $1400.00. On the same day, Morgan Stanley reiterated an Overweight rating with a steady $1200.00 target. Later, DA Davidson maintained a Buy rating on October 7, 2026, lifting its target from $2100.00 to $3000.00. Rosenblatt followed on October 13, 2026, maintaining a Buy rating with a $1900.00 target.
Other Institutional Activity in Micron Technology, Inc.
Sumitomo Mitsui DS Asset Management Company grew its holdings by 16103.0 shares, ending with 194522.0 shares worth about $207187327.0. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings by 3411.0 shares, ending with 221828.0 shares worth about $236271221.0. Annex Advisory Services grew its holdings by 45078.0 shares, ending with 50382.0 shares worth about $53661992.0. Primecap Management Company reduced its holdings by 2657819 shares, ending with 19217236.0 shares worth about $17558211687.0.
Micron Technology, Inc. Stock Down 2.5%
Micron closed at $913.67 on October 21, 2026, and recently traded at $913.62 on October 22, 2026.
$MU price target
Micron Technology, Inc. daily closes and this analyst's $1,650 target. Not advice.
Recent Earnings
Micron reported trailing twelve month revenue of $133.19 billion and earnings of $74.33 per share.
Dividend
Micron pays an annual dividend rate of $0.60 per share.
Insider Buying and Selling at Micron Technology, Inc.
Officer Sumit Sadana sold 15000.0 shares on August 18, 2026 at an average price of $934.29 for a total of $14014350.0. Chief Executive Officer Sanjay Mehrotra sold 40000.0 shares on August 21, 2026 for a total of $38756162.0. Pres. & Chief Tech & Prod Offr Scott J Deboer sold 28544.572 shares on October 16, 2026 at an average price of $900.00 for a total of $25690214.71 under a planned Rule 10b5-1 arrangement. President Scott J. Deboer sold 28544.0 shares on October 16, 2026 for a total of $25690216.0.
Analysts Set New Price Targets
Wall Street holds a consensus strong buy rating on the stock with a mean price target of $1560.57 across 46 analyst opinions.
About Micron Technology, Inc.
Micron Technology, Inc. builds semiconductor memory and storage items, supplying chips for cloud computing, data centers, mobile devices, and automotive systems worldwide.
Bottom Line
Investors will watch for Micron's next earnings report on December 23, 2026, to gauge whether memory demand keeps supporting the company's financial growth.
Related Filing Alerts
Source: Needham's rating change on $MU (Oct 22, 2026). Written by software, not financial advice. How we make alerts