Micron (MU) Stock Forecast, Price Target & Predictions
MU Stock Forecast
Micron stock forecast is as follows: an average price target of $111.79 (represents a -10.78% downside from MU’s last price of $125.29) and a rating consensus of 'Buy', based on 31 wall street analysts offering a 1-year stock forecast.
MU Price Target
The average price target for Micron (MU) is $111.79 based on 1-year price targets from 31 Wall Street analysts in the past 3 months, with a price target range of $225.00 to $55.00. This represents a potential -10.78% downside from MU's last price of $125.29.
MU Analyst Ratings
According to 31 Wall Street analysts, Micron's rating consensus is 'Buy'. The analyst rating breakdown for MU stock is 0 'Strong Buy' (0.00%), 26 'Buy' (83.87%), 4 'Hold' (12.90%), 1 'Sell' (3.23%), and 0 'Strong Sell' (0.00%).
Micron Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 17, 2024 | Vijay Rakesh | Mizuho Securities | $150.00 | $127.89 | 17.29% | 19.72% |
| May 13, 2024 | Tom O'Malley | Barclays | $145.00 | $121.24 | 19.60% | 15.73% |
| May 06, 2024 | Tristan Gerra | Robert W. Baird | $150.00 | $114.69 | 30.79% | 19.72% |
| Apr 08, 2024 | John Vinh | Loop Capital Markets | $150.00 | $122.92 | 22.03% | 19.72% |
| Apr 08, 2024 | John Vinh | KeyBanc | $150.00 | $124.85 | 20.14% | 19.72% |
| Mar 25, 2024 | Vijay Rakesh | Mizuho Securities | $130.00 | $117.13 | 10.99% | 3.76% |
| Mar 21, 2024 | Vijay Rakesh | Mizuho Securities | $124.00 | $112.06 | 10.66% | -1.03% |
| Mar 21, 2024 | Matt Bryson | Wedbush | $130.00 | $112.06 | 16.01% | 3.76% |
| Mar 21, 2024 | Jim Kelleher | Argus Research | $140.00 | $109.85 | 27.45% | 11.74% |
| Mar 21, 2024 | Hans Mosesmann | Rosenblatt Securities | $225.00 | $109.85 | 104.82% | 79.58% |
The latest Micron stock forecast, released on May 17, 2024 by Vijay Rakesh from Mizuho Securities, set a price target of $150.00, which represents a 17.29% increase from the stock price at the time of the forecast ($127.89), and a 19.72% increase from MU last price ($125.29).
Micron Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 23 | 33 |
| Avg Price Target | $148.33 | $132.26 | $116.32 |
| Last Closing Price | $125.29 | $125.29 | $125.29 |
| Upside/Downside | 18.39% | 5.56% | -7.16% |
In the current month, the average price target of Micron stock is $148.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 18.39% increase as opposed to Micron's last price of $125.29. This month's average price target is up 12.15% compared to last quarter, and up 27.52% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 17, 2024 | Wells Fargo | Buy | Buy | Hold |
| May 13, 2024 | Barclays | Overweight | Overweight | Hold |
| Apr 18, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Apr 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 08, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Apr 05, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 01, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Mar 21, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Mar 21, 2024 | Fox Advisors | - | Overweight | Upgrade |
| Mar 19, 2024 | Guggenheim | Neutral | Neutral | Hold |
Micron's last stock rating was published by Wells Fargo on May 17, 2024. The company gave MU a "Buy" rating, the same as its previous rate.
Micron Financial Forecast
Micron Revenue Forecast
| Aug 26 | May 26 | Mar 26 | Nov 25 | Aug 25 | May 25 | Mar 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Mar 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $5.82B | $4.73B | $4.01B | - | $3.69B | - | - | - | $7.79B | - | - | - | $6.24B | - | - | $5.44B | $4.80B | $5.14B | $4.87B | $4.79B |
| Avg Forecast | $11.09B | $10.81B | $11.74B | $11.49B | $10.20B | $9.34B | $8.78B | $7.57B | $6.88B | $6.00B | $5.35B | $4.58B | $3.96B | $3.65B | $3.71B | $4.13B | $6.73B | $8.64B | $7.53B | $7.68B | $8.23B | $7.23B | $6.19B | $5.66B | $5.89B | $5.27B | $4.69B | $4.99B | $4.59B | $4.69B |
| High Forecast | $11.98B | $11.68B | $12.69B | $12.42B | $11.02B | $10.09B | $9.49B | $8.17B | $7.67B | $6.10B | $5.40B | $4.63B | $4.27B | $3.94B | $4.01B | $4.47B | $7.27B | $9.34B | $8.05B | $8.21B | $8.80B | $7.74B | $6.62B | $6.06B | $6.30B | $5.64B | $5.02B | $5.34B | $4.91B | $5.02B |
| Low Forecast | $10.59B | $10.33B | $11.22B | $10.98B | $9.74B | $8.92B | $8.39B | $7.23B | $6.55B | $5.91B | $5.31B | $4.34B | $3.78B | $3.49B | $3.55B | $3.95B | $6.43B | $8.26B | $7.12B | $7.26B | $7.78B | $6.84B | $5.85B | $5.35B | $5.57B | $4.98B | $4.44B | $4.72B | $4.34B | $4.43B |
| # Analysts | 13 | 13 | 13 | 6 | 6 | 6 | 6 | 8 | 15 | 15 | 15 | 16 | 12 | 8 | 8 | 7 | 11 | 7 | 7 | 8 | 12 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.03% | 1.01% | - | 0.99% | - | - | - | 1.03% | - | - | - | 1.01% | - | - | 1.03% | 1.02% | 1.03% | 1.06% | 1.02% |
Micron's average Quarter revenue forecast for May 24 based on 15 analysts is $6.00B, with a low forecast of $5.91B, and a high forecast of $6.10B. MU's average Quarter revenue forecast represents a 3.05% increase compared to the company's last Quarter revenue of $5.82B (Feb 24).
Micron EBITDA Forecast
| Aug 26 | May 26 | Mar 26 | Nov 25 | Aug 25 | May 25 | Mar 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Mar 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 13 | 13 | 6 | 6 | 6 | 6 | 8 | 15 | 15 | 15 | 16 | 12 | 8 | 8 | 7 | 11 | 7 | 7 | 8 | 12 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $191.00M | $-1.13B | $612.00M | - | $-154.00M | - | - | - | $4.31B | - | - | - | $2.24B | - | - | $2.34B | $1.84B | $1.89B | $2.09B | $2.09B |
| Avg Forecast | $4.78B | $4.66B | $5.06B | $4.95B | $4.39B | $4.02B | $3.78B | $3.26B | $2.97B | $2.59B | $2.42B | $2.87B | $2.74B | $2.96B | $2.20B | $2.61B | $2.49B | $2.69B | $2.00B | $2.37B | $2.26B | $2.45B | $1.82B | $2.15B | $2.54B | $2.22B | $1.44B | $1.85B | $1.79B | $1.43B |
| High Forecast | $5.16B | $5.03B | $5.47B | $5.35B | $4.75B | $4.35B | $4.09B | $3.52B | $3.30B | $2.63B | $2.91B | $3.44B | $3.29B | $3.55B | $2.64B | $3.13B | $2.99B | $3.23B | $2.40B | $2.84B | $2.72B | $2.94B | $2.19B | $2.58B | $2.71B | $2.67B | $1.73B | $2.22B | $2.15B | $1.72B |
| Low Forecast | $4.57B | $4.45B | $4.84B | $4.73B | $4.20B | $3.85B | $3.62B | $3.12B | $2.82B | $2.55B | $1.94B | $2.29B | $2.19B | $2.37B | $1.76B | $2.08B | $1.99B | $2.15B | $1.60B | $1.90B | $1.81B | $1.96B | $1.46B | $1.72B | $2.40B | $1.78B | $1.15B | $1.48B | $1.43B | $1.15B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.08% | -0.39% | 0.22% | - | -0.07% | - | - | - | 2.15% | - | - | - | 1.23% | - | - | 1.05% | 1.28% | 1.02% | 1.17% | 1.46% |
15 analysts predict MU's average Quarter EBITDA for May 24 to be $2.59B, with a high of $2.63B and a low of $2.55B. This is 1254.30% upper than Micron's previous annual EBITDA (Feb 24) of $191.00M.
Micron Net Income Forecast
| Aug 26 | May 26 | Mar 26 | Nov 25 | Aug 25 | May 25 | Mar 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Mar 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 13 | 13 | 6 | 6 | 6 | 6 | 8 | 15 | 15 | 15 | 16 | 12 | 8 | 8 | 7 | 11 | 7 | 7 | 8 | 12 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $793.00M | $-1.23B | $-1.43B | - | $-2.33B | - | - | - | $2.25B | - | - | - | $603.00M | - | - | $803.00M | $405.00M | $491.00M | $561.00M | $840.00M |
| Avg Forecast | $3.38B | $3.37B | $3.92B | $3.65B | $2.94B | $2.49B | $2.17B | $1.54B | $921.99M | $101.76M | $534.47M | $963.42M | $736.02M | $1.01B | $485.88M | $875.84M | $669.11M | $921.80M | $441.71M | $796.21M | $608.28M | $838.00M | $401.55M | $723.83M | $1.10B | $761.82M | $317.43M | $480.55M | $480.86M | $563.54M |
| High Forecast | $3.74B | $3.72B | $4.33B | $4.03B | $3.25B | $2.76B | $2.40B | $1.70B | $1.10B | $108.39M | $641.36M | $1.16B | $883.23M | $1.22B | $583.05M | $1.05B | $802.94M | $1.11B | $530.05M | $955.46M | $729.94M | $1.01B | $481.86M | $868.60M | $1.19B | $914.18M | $380.92M | $576.66M | $577.03M | $676.25M |
| Low Forecast | $3.19B | $3.17B | $3.70B | $3.44B | $2.77B | $2.35B | $2.05B | $1.45B | $785.40M | $97.33M | $427.57M | $770.74M | $588.82M | $811.19M | $388.70M | $700.67M | $535.29M | $737.44M | $353.37M | $636.97M | $486.63M | $670.40M | $321.24M | $579.06M | $1.02B | $609.46M | $253.95M | $384.44M | $384.69M | $450.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.48% | -1.28% | -1.94% | - | -4.79% | - | - | - | 5.10% | - | - | - | 1.50% | - | - | 1.05% | 1.28% | 1.02% | 1.17% | 1.49% |
Micron's average Quarter net income forecast for May 24 is $101.76M, with a range of $97.33M to $108.39M. MU's average Quarter net income forecast represents a -87.17% decrease compared to the company's last Quarter net income of $793.00M (Feb 24).
Micron SG&A Forecast
| Aug 26 | May 26 | Mar 26 | Nov 25 | Aug 25 | May 25 | Mar 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Mar 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 13 | 13 | 6 | 6 | 6 | 6 | 8 | 15 | 15 | 15 | 16 | 12 | 8 | 8 | 7 | 11 | 7 | 7 | 8 | 12 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $280.00M | $263.00M | $219.00M | - | $231.00M | - | - | - | $263.00M | - | - | - | $214.00M | - | - | $216.00M | $223.00M | $211.00M | $212.00M | $206.00M |
| Avg Forecast | $449.97M | $438.76M | $476.66M | $466.54M | $413.85M | $378.93M | $356.43M | $307.09M | $279.25M | $243.61M | $294.29M | $256.75M | $278.14M | $272.75M | $267.53M | $233.41M | $252.86M | $247.96M | $243.21M | $212.19M | $229.87M | $225.42M | $221.10M | $192.90M | $239.03M | $204.92M | $174.78M | $206.51M | $181.71M | $138.20M |
| High Forecast | $486.20M | $474.08M | $515.03M | $504.10M | $447.16M | $409.44M | $385.13M | $331.81M | $311.12M | $247.66M | $353.14M | $308.10M | $333.77M | $327.30M | $321.04M | $280.09M | $303.43M | $297.55M | $291.85M | $254.63M | $275.84M | $270.50M | $265.32M | $231.48M | $255.66M | $245.91M | $209.74M | $247.81M | $218.06M | $165.84M |
| Low Forecast | $430.02M | $419.30M | $455.52M | $445.86M | $395.50M | $362.13M | $340.62M | $293.47M | $265.97M | $239.93M | $235.43M | $205.40M | $222.51M | $218.20M | $214.03M | $186.73M | $202.28M | $198.37M | $194.57M | $169.75M | $183.89M | $180.33M | $176.88M | $154.32M | $225.99M | $163.94M | $139.83M | $165.21M | $145.37M | $110.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.95% | 1.02% | 0.79% | - | 0.86% | - | - | - | 1.08% | - | - | - | 0.97% | - | - | 1.05% | 1.28% | 1.02% | 1.17% | 1.49% |
Micron's average Quarter SG&A projection for May 24 is $243.61M, based on 15 Wall Street analysts, with a range of $239.93M to $247.66M. The forecast indicates a -13.00% fall compared to MU last annual SG&A of $280.00M (Feb 24).
Micron EPS Forecast
| Aug 26 | May 26 | Mar 26 | Nov 25 | Aug 25 | May 25 | Mar 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Mar 23 | Nov 22 | Aug 22 | May 22 | Mar 22 | Nov 21 | Aug 21 | May 21 | Mar 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 13 | 13 | 6 | 6 | 6 | 6 | 8 | 15 | 15 | 15 | 16 | 12 | 8 | 8 | 7 | 11 | 7 | 7 | 8 | 12 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | $0.72 | $-1.12 | $-1.31 | - | $-2.13 | - | - | - | $2.01 | - | - | - | $0.54 | - | - | $0.72 | $0.37 | $0.44 | $0.51 | $0.76 |
| Avg Forecast | $3.04 | $3.02 | $3.52 | $3.28 | $2.64 | $2.24 | $1.95 | $1.38 | $0.83 | $0.09 | $-0.25 | $-1.01 | $-1.14 | $-1.61 | $-0.67 | $-0.02 | $1.37 | $2.44 | $1.98 | $2.10 | $2.33 | $1.72 | $0.95 | $0.68 | $0.98 | $0.75 | $0.37 | $0.47 | $0.51 | $0.79 |
| High Forecast | $3.36 | $3.34 | $3.89 | $3.62 | $2.92 | $2.47 | $2.16 | $1.53 | $0.99 | $0.10 | $-0.20 | $-1.00 | $-1.08 | $-1.52 | $-0.63 | $-0.02 | $1.51 | $2.70 | $2.15 | $2.29 | $2.54 | $1.88 | $1.03 | $0.75 | $1.07 | $0.82 | $0.40 | $0.51 | $0.56 | $0.86 |
| Low Forecast | $2.86 | $2.85 | $3.32 | $3.09 | $2.49 | $2.11 | $1.84 | $1.30 | $0.71 | $0.09 | $-0.29 | $-1.02 | $-1.26 | $-1.78 | $-0.74 | $-0.02 | $1.29 | $2.30 | $1.84 | $1.95 | $2.17 | $1.60 | $0.88 | $0.64 | $0.91 | $0.70 | $0.34 | $0.44 | $0.48 | $0.73 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | -2.85% | 1.11% | 1.14% | - | 3.19% | - | - | - | 1.02% | - | - | - | 0.57% | - | - | 0.96% | 1.00% | 0.94% | 0.99% | 0.97% |
According to 15 Wall Street analysts, Micron's projected average Quarter EPS for May 24 is $0.09, with a low estimate of $0.09 and a high estimate of $0.10. This represents a -87.31% decrease compared to MU previous annual EPS of $0.72 (Feb 24).
Micron Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| INTC | Intel | $31.83 | $40.88 | 28.43% | Hold |
| MRVL | Marvell | $71.92 | $80.00 | 11.23% | Buy |
| TSM | Taiwan Semiconductor Manufacturing | $151.68 | $157.67 | 3.95% | Buy |
| AMD | Advanced Micro Devices | $164.47 | $160.66 | -2.32% | Buy |
| QCOM | QUALCOMM | $193.86 | $181.48 | -6.39% | Buy |
| MU | Micron | $125.29 | $111.79 | -10.78% | Buy |
| AVGO | Broadcom | $1.40K | $1.09K | -21.59% | Buy |
| NVDA | NVIDIA | $924.79 | $699.32 | -24.38% | Buy |
MU Forecast FAQ
Is Micron a good buy?
Yes, according to 31 Wall Street analysts, Micron (MU) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 26 'Buy' recommendations, accounting for 83.87% of MU's total ratings.
What is MU's price target?
Micron (MU) average price target is $111.79 with a range of $55 to $225, implying a -10.78% from its last price of $125.29. The data is based on 31 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Micron stock go up soon?
According to Wall Street analysts' prediction for MU stock, the company can go down by -10.78% (from the last price of $125.29 to the average price target of $111.79), up by 79.58% based on the highest stock price target, and down by -56.10% based on the lowest stock price target.
Can Micron stock reach $200?
MU's highest twelve months analyst stock price target of $225 supports the claim that Micron can reach $200 in the near future.
What is Micron's current price target trend?
3 Wall Street analysts forecast a $148.33 price target for Micron (MU) this month, up 18.39% from its last price of $125.29. Compared to the last 3 and 12 months, the average price target increased by 5.56% and decreased by -7.16%, respectively.
What are Micron's analysts' financial forecasts?
Micron's analysts financial forecasts for the fiscal year (Aug 2025) are as follows: average revenue is $35.88B (high $38.77B, low $34.29B), average EBITDA is $15.46B (high $16.71B, low $14.78B), average net income is $9.15B (high $10.11B, low $8.62B), average SG&A $1.46B (high $1.57B, low $1.39B), and average EPS is $8.21 (high $9.07, low $7.74). MU's analysts financial forecasts for the fiscal year (Aug 2026) are as follows: average revenue is $45.13B (high $48.77B, low $43.13B), average EBITDA is $19.45B (high $21.02B, low $18.59B), average net income is $14.33B (high $15.83B, low $13.5B), average SG&A $1.83B (high $1.98B, low $1.75B), and average EPS is $12.86 (high $14.21, low $12.12).
Did the MU's actual financial results beat the analysts' financial forecasts?
Based on Micron's last annual report (Aug 2023), the company's revenue was $15.54B, beating the average analysts forecast of $15.45B by 0.56%. Apple's EBITDA was $2.66B, missing the average prediction of $10.51B by -74.72%. The company's net income was $-5.833B, missing the average estimation of $3.11B by -287.45%. Apple's SG&A was $920M, missing the average forecast of $1.05B by -12.53%. Lastly, the company's EPS was $-5.34, beating the average prediction of $-3.442 by 55.16%. In terms of the last quarterly report (Feb 2024), Micron's revenue was $5.82B, beating the average analysts' forecast of $5.35B by 8.92%. The company's EBITDA was $191M, missing the average prediction of $2.42B by -92.12%. Micron's net income was $793M, beating the average estimation of $534.47M by 48.37%. The company's SG&A was $280M, missing the average forecast of $294.29M by -4.85%. Lastly, the company's EPS was $0.72, missing the average prediction of $-0.253 by -384.78%