Highlights

  • Weiss Ratings upgrades Micron Technology from “Hold (C+)” to “Buy (B-)”.
  • Multiple analysts raise target prices amid rising demand for memory chips.
  • Consensus rating stands at “Buy” with a target price of USD 202.79.

Micron Technology Inc. (NASDAQ:MU) received an upgrade from Weiss Ratings. The firm raised its rating from “Hold (C+)” to “Buy (B-)” in its recent research note. The upgrade, announced on Saturday, reflects revised assessments from Weiss Ratings on the company’s financial metrics and market performance.

Analyst Revisions and Target Changes

Several other brokerages have recently adjusted their outlooks for Micron Technology:

  • TD Cowen raised its price target from USD 150.00 to USD 180.00, maintaining a “Buy” rating.
  • KeyCorp increased its target from USD 160.00 to USD 215.00 with an “Overweight” rating.
  • Deutsche Bank Aktiengesellschaft moved its price target from USD 175.00 to USD 200.00, keeping a “Buy” recommendation.
  • Needham & Company LLC raised its target from USD 150.00 to USD 200.00, maintaining a “Buy” stance.
  • Citigroup increased its target from USD 240.00 to USD 275.00 with a “Buy” rating.

According to MarketBeat.com data, five analysts rate the stock as “Strong Buy,” twenty-six as “Buy,” and four as “Hold.” The consensus rating is “Buy”, with an average target price of USD 202.79.

Recent Earnings Overview

Micron Technology last reported its quarterly results on September 23rd. The company posted earnings per share (EPS) of USD 2.86, in line with analyst expectations. Quarterly revenue stood at USD 11.32 billion, slightly above the USD 11.05 billion forecast.

  • Net margin: 22.84%
  • Return on equity: 17.21%
  • Revenue growth: 46.1% year-over-year

In the same quarter last year, Micron reported USD 1.18 EPS. For fiscal 2026 Q1, the company projects EPS between USD 3.60 and USD 3.90. Analysts expect full-year EPS of 6.08.

Company Overview

Micron Technology designs and manufactures memory and storage products used across computing and mobile industries. Products include DRAM, NAND flash, and solid-state storage devices, marketed under the Micron and Crucial brands.