TD Cowen Reiterates Buy Rating on Micron Technology
TD Cowen analyst Krish Sankar maintains a buy rating on Micron Technology with a $1,500 price target.
Key Points
- TD Cowen reiterated its buy rating on Micron Technology, setting a price target of $1,500 as of June 15, 2026.
- Micron Technology's stock traded near $980.71 with a market cap of about $1.11 trillion and a forward P/E ratio of 8.75.
- Insider activity includes CEO Sanjay Mehrotra's planned sales and several buy ratings from analysts like RBC Capital and Wolfe Research.
On June 15, 2026, TD Cowen reiterated its buy rating on Micron Technology, Inc. (NasdaqGS: MU), with a price target set at $1,500. Analyst Krish Sankar's reaffirmation comes as shares of Micron trade near $980.71.
Micron Technology Stock Snapshot
Shares of NasdaqGS:MU traded near $980.71. Micron Technology has a market cap of approximately $1.11 trillion and a forward P/E ratio of 8.75, indicating expectations for growth relative to its earnings. The stock has a 52-week low of $103.38 and a high of $1,089.29, with a 50-day moving average of $677.65 and a 200-day moving average of $381.71. The company's beta is 2.173, reflecting its volatility compared to the market.
Recent Earnings
Micron Technology reported revenue of $58.12 billion, growing at a rate of 1.96%. The company achieved a net margin of 41.49% and a return on equity of 39.82%. The next earnings announcement is scheduled for June 24, 2026.
Dividend
Micron pays an annual dividend rate of $0.60, yielding 0.06% with a payout ratio of 2.17%.
Insider Buying and Selling at Micron Technology, Inc.
Recent insider transactions at Micron include CEO Sanjay Mehrotra's planned sales of 40,000 shares on both May 29 and May 1, 2026, at average prices of $961.35 and $536.26, respectively. Additionally, Chief Legal Officer Michael Charles Ray sold 7,601 shares on May 1, 2026, at $534.30, also as part of a planned sale.
Analysts Set New Price Targets
On June 15, 2026, TD Cowen maintained its buy rating on Micron Technology with a $1,500 price target. RBC Capital also maintained a buy rating with a $1,200 target. Earlier in June, Wolfe Research set a $1,250 target with a buy rating, while Goldman Sachs held a neutral stance with a $900 target. Overall, the consensus among 40 analysts is a strong buy, with a mean target price of $828.73.
About Micron Technology
Micron Technology, Inc. designs and manufactures memory and storage solutions, serving markets such as data centers, mobile devices, and automotive. With headquarters in Boise, Idaho, the company operates globally and employs around 53,000 people. Under the leadership of CEO Sanjay Mehrotra, Micron offers products like DRAM, NAND, and SSDs, marketed under the Micron and Crucial brands.
Bottom Line
TD Cowen's reaffirmation of Micron Technology's buy rating suggests continued confidence in the company's growth prospects. As a major player in the semiconductor industry, Micron's performance is closely watched by investors. Analyst ratings, like those from TD Cowen, provide insights but reflect past data and expectations.
See Also
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