Micron Technology Downgraded to Neutral by KGI Securities with New Price Target of $95

KGI Securities downgraded Micron Technology (MU) to Neutral from Outperform, setting a new price target of $95. Analysts forecast an average target price of $143.99 with a high estimate of $200.00 and a low estimate of $60.00, indicating a potential upside of 31.84% from the current price. Micron's average brokerage recommendation is 2.0, indicating "Outperform" status. The estimated GF Value for Micron Technology in one year is $169.00, suggesting a potential upside of 54.73% from the current price.

KGI Securities has revised its stance on Micron Technology (MU), downgrading the stock from "Outperform" to "Neutral" and setting a new price target of $95. This adjustment reflects the analyst's updated perspective on the company's market positioning and prospects.

Based on the latest analysis from 36 analysts, the average target price for Micron Technology Inc. (MU) is $143.99, with a high estimate of $200.00 and a low estimate of $60.00. This indicates a potential upside of 31.84% from the current price of $109.22 [1].

The consensus recommendation from 43 brokerage firms is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies a "Strong Buy" and 5 denotes a "Sell" [1].

GuruFocus estimates that the fair value (GF Value) for Micron Technology Inc. (MU) in one year is $169.00, suggesting a potential upside of 54.73% from the current price. GF Value is calculated based on historical multiples, past business growth, and future estimates of the business' performance [1].

In recent earnings, Micron Technology Inc. reported record revenue in fiscal Q3, with revenue, gross margin, and EPS exceeding the high end of guidance ranges. Data center revenue more than doubled year over year, reaching a record level. The company also achieved a new quarterly record for market share in data center SSDs and became the number two brand by share in this segment [1].

However, despite strong performance, DRAM and NAND prices decreased in the low single-digit and high single-digit percentage ranges, respectively. Additionally, Micron's fiscal Q3 operating expenses increased by $87 million quarter over quarter, driven by higher R&D investments and labor-related costs [1].

The company is also facing some tariff-related pull-ins by certain customers, which could impact demand. Furthermore, ongoing challenges with customer qualifications for HBM3E and HBM4 may affect future supply and demand dynamics [1].

On July 22, 2025, Micron's EVP & Chief Financial Officer, Mark J. Murphy, sold 34,000 shares of common stock under a Rule 10b5-1 trading plan. The sales were made at weighted average prices ranging from $108.76 to $112.52 per share, totaling $3,716,823 [2].

Micron Technology Inc. engages in the provision of innovative memory and storage solutions, operating through segments such as Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. The company was founded in 1978 and is headquartered in Boise, ID [3].

Micron has also proposed a semiconductor manufacturing facility in New York, which is subject to review under the State Environmental Quality Review Act (SEQRA) and the National Environmental Policy Act (NEPA) [4].

References:
[1] https://www.gurufocus.com/news/2996757/micron-mu-downgraded-to-neutral-by-kgi-securities-mu-stock-news
[2] https://www.tradingview.com/news/tradingview:1c553fb4e1582:0-micron-technology-cfo-sells-34-000-shares/
[3] https://www.cnn.com/markets/stocks/MU
[4] https://dec.ny.gov/environmental-protection/facilities-in-your-neighborhood/micron