Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of February 28, 2026, Micron Technology, Inc. (MU) has a Wall Street consensus price target of $363.00, based on estimates from 68 covering analysts. With the stock currently trading at $412.37, this represents a potential downside of -12.0%. The company has a market capitalization of $462.68B.
Analyst price targets range from a low of $190.00 to a high of $500.00, representing a 85% spread in expectations. The median target of $360.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 55 analysts rating the stock as a Buy or Strong Buy,11 rating it Hold, and 2 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, MU trades at a trailing P/E of 54.3x and forward P/E of 12.2x. The forward PEG ratio of 0.47 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +222.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $1563.52, with bear and bull scenarios of $-371.64 and $1786.08 respectively. Model confidence stands at 47/100, suggesting limited visibility into future performance.
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Start ComparisonMU's consensus price target is $363, -12.0% below the current price of $412.37. The 68 analysts tracking MU see downside risk at present valuations.
MU has a consensus rating of "Buy" based on 68 Wall Street analysts. The rating breakdown is predominantly bullish, with 55 Buy/Strong Buy ratings. The consensus 12-month price target of $363 implies -12.0% downside from current levels.
With a forward P/E of 12.2219x, MU trades at a relatively low valuation. The consensus target of $363 implies -12.0% move, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $500 for MU, while the most conservative target is $190. The consensus of $363 represents the median expectation. Our quantitative valuation model projects a bull case target of $1786 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MU is heavily covered by Wall Street, with 68 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 55 have Buy ratings, 11 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MU stock forecast based on 68 Wall Street analysts shows a consensus price target of $363, with estimates ranging from $190 (bear case) to $500 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $1564, with bear/bull scenarios of $-372/$1786.
Our quantitative valuation model calculates MU's fair value at $1564 (base case), with a bear case of $-372 and bull case of $1786. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 47/100.
MU trades at a forward P/E ratio of 12.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 54.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on MU, with 2 Sell ratings and a price target of $363 (-12.0% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
MU analyst price targets range from $190 to $500, a 85% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $363 consensus represents the middle ground. Our model's $-372-$1786 range provides an independent fundamental perspective.