Key Highlights

● Micron Technology shares fell 5.63% to close at $878.84 on October 16.

● The consensus 12-month price target is $1,561, implying about 77.6% upside.

● Analysts are split 45 Buy, 3 Hold, and 1 Sell on the stock.

● Targets range from $361 to $3,000 across 49 analysts.

Micron Technology (NASDAQ:MU) closed at $878.84 on October 16, 2026, according to market data. The consensus analyst price target is $1,561.00, which implies potential upside of about 77.6% from that close, although targets are forecasts and not guarantees. Micron Technology is a member of the S&P 500. The shares fell 5.63% on Friday after a very strong run, with a record quarter reported two weeks ago.

What Is the Latest Analyst Price Target?

Based on 49 analysts, the mean price target is $1,561.00 and the median is $1,550. The highest target is $3,000 and the lowest is $361. The consensus rating is Strong Buy. If the consensus proves accurate, the shares would trade about 77.6% above the Friday close, but the target is a twelve-month style estimate that depends on many assumptions.

What Are Analysts Saying?

The rating split is 45 Buy, 3 Hold, 1 Sell. Recent actions include Bank of America Securities (Buy, $1,550, 15 October), KeyBanc (Buy, $1,750, 15 October), DBS (Buy, $1,400, 8 October), D.A. Davidson (Buy, raised from $2,100 to $3,000, 7 October) and J.P. Morgan (Buy, $1,540, 6 October). Different data providers can show slightly different figures, so readers should treat the consensus as an approximate guide rather than a precise measure.

Micron reported fiscal fourth-quarter 2026 results on 30 September: record revenue of $54.23 billion, GAAP diluted earnings of $32.87 and non-GAAP earnings of $33.42 per share, with full-year revenue of $133.19 billion. Guidance for the first quarter of fiscal 2027 is revenue of $61.5 billion (plus or minus $1.5 billion) and non-GAAP earnings of $38.15 (plus or minus $1.00).

What Could Help the Stock Reach the Price Target?

Guided revenue growth from $54.23 billion to $61.5 billion, if delivered, would support the case that memory demand remains strong. Forty-five of 49 analysts rate the shares Buy or Strong Buy, and D.A. Davidson's raise to $3,000 shows how bullish the top end of the range is. The consensus target suggests analysts expect earnings to grow, but that outcome is not certain.

What Could Prevent the Stock Reaching the Target?

The range of targets is extremely wide, from $361 to $3,000, so the mean should be read with caution. The shares fell 5.63% on 16 October, memory pricing is cyclical, and there is one Sell rating among the 49 analysts. Broader market sentiment, interest rates and competition could also weigh on the shares.

What Should Investors Watch Next?

Micron's next quarterly report, for fiscal first quarter 2027, has not been dated in sources we verified; the company has typically reported in late December. Investors will also follow memory price trends and broker target revisions in the meantime. Investors may also watch further broker target revisions, which can shift the consensus quickly.

The Math Behind the Optimism

Micron Technology (MU) closed at $878.84 against a consensus target of $1,561.00, a gap of about 77.6%. The consensus target suggests analysts see room for appreciation, but forecasts can be wrong and the range of targets, from $361 to $3,000, shows genuine disagreement.