Micron Technology Stock: Analyst Estimates & Ratings
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Boise, Idaho-based Micron Technology, Inc. (MU) is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a market cap of $124.5 billion, Micron’s operations span the Americas, Europe, and Indo-Pacific.
While the tech giant has lagged behind the broader market over the past year, it has significantly outperformed in 2025. MU stock prices have soared 33% in 2025 and 3.8% over the past 52 weeks, compared to the S&P 500 Index’s ($SPX) 8.3% gains in 2025 and 16.6% surge over the past year.
Similarly, MU has outpaced the Technology Select Sector SPDR Fund’s (XLK) 13.6% gains on a YTD basis, but underperformed XLK’s 22.7% returns over the past 52 weeks.
Despite beating analysts’ expectations, Micron Technology’s stock prices dipped nearly 1% in the trading session after the release of its Q3 results on Jun. 25. Driven by the solid demand for its products in end markets, the company observed a massive 36.5% year-over-year growth in revenues to $9.3 billion, surpassing the projections by 5.3%. Further, its non-GAAP net income skyrocketed 210.7% year-over-year to $1.8 billion, and non-GAAP EPS of $1.91 surpassed the estimates by an even larger margin. The drop could be a result of investors expecting an even better performance, as the stock had surged more than 30% in the three weeks prior to the release of the earnings report.
For the full fiscal 2025, ending in August, analysts expect MU to deliver an EPS of $6.99, significantly up from $0.58 delivered in fiscal 2024. Further, the company has a solid earnings surprise. It has surpassed the Street’s bottom-line estimate in each of the past four quarters.
Micron maintains a consensus “Strong Buy” rating overall. Of the 33 analysts covering the stock, opinions include 23 “Strong Buys,” four “Moderate Buys,” five “Holds,” and one “Strong Sell.”
On Jun. 27, Baird analyst Tristan Gerra maintained an “Outperform” rating on MU, while raising the price target from $163 to $200.
MU’s mean price target of $149.88 suggests a significant 33.9% upside potential from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.