Rosenblatt Rates Micron Technology (MU) Buy, $1,900 Price Target

Rosenblatt reiterated its Buy rating on Micron Technology, Inc. (NasdaqGS: MU) on October 22, 2026, keeping its price target unchanged at $1,900.00. The research note outlines a continuing positive view on the memory chip maker as the stock trades below analyst expectations. Micron closed at $856.37 on the day of the announcement.

MU Micron Technology, Inc.

$913.67 ▲ +189.88% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Rosenblatt's Call on Micron Technology, Inc.

In its October 22, 2026 note, Rosenblatt kept a Buy rating and a $1,900.00 price target on the semiconductor firm. This matches the firm's prior target of $1,900.00. The rating represents a forward-looking view from the firm on the company's prospects in memory and storage markets.

Other Institutional Activity in Micron Technology, Inc.

Other large funds recently adjusted their stakes in Micron. Quilter grew its holdings by 50,313 shares, ending with 131,610 shares worth about $140,179,127.00. Sumitomo Mitsui DS Asset Management Company grew its holdings by 16,103 shares, ending with 194,522 shares worth about $207,187,327.00. Meanwhile, Livforsakringsbolaget Skandia, Omsesidigt reduced its holdings by 2,680 shares, ending with 97,582 shares worth about $103,935,565.00, and Primecap Management Company lowered its stake by 2,657,819 shares to 19,217,236 shares valued at $16,457,064,299.00.

Micron Technology, Inc. Stock Down 2.5%

Micron recently traded around $873.69 as of October 22, 2026, up about 2.0% from its event-day close of $856.37. The stock trades below its 50-day moving average of $985.27 and sits well above its 200-day moving average of $726.85. The 52-week range spans from a low of $192.59 to a high of $1,255.00.

Recent Earnings

Micron reported trailing-twelve-month revenue of $133,188,001,792.00 and basic earnings per share of $74.33. The business posted a net profit margin of 63.8% and a return on equity of 88.3%. The next earnings release is scheduled for December 23, 2026.

Dividend

The company pays an annual dividend rate of $0.60 per share, delivering a dividend yield of 0.07% with a payout ratio of 0.7%.

Insider Buying and Selling at Micron Technology, Inc.

Company insiders completed several stock sales over recent months. Officer Sumit Sadana sold 15,000 shares on August 18, 2026, at an average price of $934.29 for a total value of $14,014,350.00. Chief Executive Officer Sanjay Mehrotra sold 40,000 shares on August 21, 2026, for a total value of $38,756,162.00. President Scott J. Deboer sold 28,544.572 shares on October 16, 2026, at an average price of $900.00 for a total value of $25,690,214.71 under a planned trading rule. Another filing showed President Scott J. Deboer sold 28,544 shares on the same day for a total value of $25,690,216.00.

Analysts Set New Price Targets

Several other firms recently updated their views on the stock. On October 1, 2026, Mizuho maintained an Outperform rating and raised its target from $1,300.00 to $1,400.00. DA Davidson maintained a Buy rating on October 7, 2026, raising its target from $2,100.00 to $3,000.00. Needham reiterated a Buy rating on October 22, 2026, keeping its target at $1,650.00. The consensus analyst opinion stands at a Strong Buy with a mean price target of $1,560.57 across 46 analyst opinions.

About Micron Technology, Inc.

Headquartered in Boise, Idaho, Micron Technology, Inc. builds memory and storage solutions used across cloud data centers, mobile devices, networking gear, and automotive systems. Its products help power modern computing infrastructure.

Bottom Line

Rosenblatt's steady view keeps focus on Micron's position in the semiconductor sector. Investors will watch how the stock trends ahead of the next earnings report on December 23, 2026.