Micron Technology Stock Forecast 2025-2040 Growth

Micron Technology Inc. stock is currently priced at $97.62, with a 24-hour trading volume of 22.14 million. Over the last 24 hours, it has experienced a decrease of -1.37%; over the past month, it has risen by +15.01%.

Micron Technology Stock Forecast in 2024 is $98.68, $129.10 for 2025, $147.15 in 2027, $191.45 for 2030, $269.00 for 2034, and $300.80 for 2040, with a market capitalization of ($107.76B) billion indicating a consistent upward trend in the company’s stock value over time.

According to the MU stock forecast on CoinCodex, Micron Technology shares are predicted to increase by 2.38% and reach $99.94 per share by March 14, 2024. Technical indicators suggest a bullish sentiment, with the Fear & Greed Index indicating a sentiment of 39 (Fear). Over the last 30 days, MU stock recorded 16 out of 30 (53%) green days with 5.94% price volatility. Considering this forecast, it appears to be a favorable time to buy MU stock as it is trading 2.33% below the forecasted value.

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About Micron Technology, Inc. Common Stock (MU)

Micron Technology Stock Forecast

Micron Technology Inc. (NASDAQ: MU) is a renowned American manufacturer specializing in computer memory and data storage solutions, encompassing dynamic random-access memory, flash memory, and USB flash drives. Headquartered in Boise, Idaho, the company also markets consumer products under the Crucial brand, such as the Ballistix line of memory modules.

Sanjay Mehrotra has been serving as CEO since May 8, 2017. Established on October 5, 1978, by Doug Pitman, Ward Parkinson, Joe Parkinson, and Dennis Wilson, Micron Technology has grown substantially as of 2023. With subsidiaries including Inotera, Aptina, Spectek LLC, and Tidal Systems, Inc., the company reported revenues of 1,554 crores USD in 2023, cementing its position as a key player in the technology industry.

History of Micron Technology Inc. Stock (MU) Company

Micron Technology, Inc. began its extraordinary journey in 1978, emerging from the vibrant landscape of Boise, Idaho, where visionaries Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman laid the groundwork for what would become a pioneering force in semiconductor innovation. Initial funding came from local Idaho businessmen and later from Idaho billionaire J. R. Simplot.

The company commenced its manufacturing venture in 1981, launching its first wafer fabrication unit that commenced the production of 64K DRAM chips. In 1984, three years after its founding, the company reached a notable milestone by launching its initial public offering, marking a pivotal moment in its journey.

Over the years, Micron has undergone significant developments, including mergers, acquisitions, and technological advancements. Notably, it initiated the development of atomic layer deposition high-k films for DRAM memory devices in 2000, collaborated with Intel to establish IM Flash Technologies in 2005, and acquired Lexar in 2006.

However, the company did face challenges, such as leadership changes and legal disputes. Tragically, CEO Steve Appleton died in a plane crash in 2012, leading to Mark Durcan assuming the role of CEO. Legal battles ensued, including lawsuits against competitors and allegations of intellectual property theft.

Despite these hurdles, Micron continued to innovate, introducing QLC NAND memory in partnership with Intel in 2018 and launching the world’s fastest discrete graphics memory solution in collaboration with NVIDIA in 2020.

In recent years, Micron has made significant investments in expanding its manufacturing facilities in the United States, including a $15 billion investment in a new facility in Boise, Idaho, announced in September 2022, and a $100 billion expansion in Clay, New York, announced in October 2022.

However, the company has also faced geopolitical challenges, such as being barred from major Chinese information infrastructure firms in 2023 and facing patent infringement lawsuits from Chinese chipmaker Yangtze Memory Technologies Corp (YMTC).

Micron Technology, Inc. Common Stock (MU) Finacial Outlook

Explore the comprehensive annual financial overview of Micron Technology Inc. (MU) with Moneymystica, including MU’s income statement, financial ratios, sales figures, and revenue insights. Stay updated with the latest MU financial statements to make informed investment decisions.

MetricNov 2023 (USD)Aug 2023 (USD)Aug 2023 (USD)Jun 2023 (USD)Mar 2023 (USD)
Revenue$472.6$401$401$375.2$369.3
Net income-$123.4-$143-$143-$189.6-$231.2
Diluted EPS-$1.12-$1.31-$1.31-$1.73-$2.12
Net profit margin-26.11%-35.66%-35.66%-50.53%-62.6%
Operating income-$112.8-$137.5-$137.5-$164.9-$221.7
Net change in cash-$51-$71.4-$71.4-$51.7$24.5
Cash on hand
Cost of revenue$476.1$444.5$444.5$442$489.9

Micron concluded the quarter with a robust financial position, boasting cash, marketable investments, and restricted cash totaling $9.84 billion.

Earnings Calls for Micron Technology Inc. include the upcoming event scheduled for February 2024, with details to be announced on March 20. Previous calls indicate positive performance, with EPS beating expectations by 5.85% in Nov 2023, 9.27% in Aug 2023, and 8.74% in May 2023. However, there was a significant miss in Feb 2023, with EPS falling short by -115.83%.

Earnings CallsMicron Technology Inc
UpcomingFeb 2024 Scheduled 20 Mar
Previous
Nov 2023EPS beaten by 5.85%
Aug 2023EPS beaten by 9.27%
May 2023EPS was beaten by 8.74%
Feb 2023EPS missed by -115.83%
OPEN$99.88
DAY RANGE$97.32 – $101.85
52 WEEK RANGE$52.76 – $101.85
MARKET CAP$109.26B
SHARES OUTSTANDING1.1B
PUBLIC FLOAT1.1B
BETA1.44
REV. PER EMPLOYEE$376.30K
P/E RATION/A
EPS-$6.28
YIELD0.47%
DIVIDEND$0.12
EX-DIVIDEND DATEDec 29, 2023
SHORT INTEREST20.43M 02/15/24
% OF FLOAT SHORTED1.86%
AVERAGE VOLUME15.24M
Data: MarketWatch
5 Day2.60%
1 Month14.10%
3 Month30.23%
YTD14.39%
1 Year77.72%

Micron Technology Inc. (MU) Dividend History

DateDividend AmountFrequencyEx-Dividend DateRecord DatePayment Date
Dec 29, 2023$0.12QuarterlyDec 20, 2023Jan 02, 2024Jan 18, 2024
Oct 09, 2023$0.12QuarterlySep 27, 2023Oct 10, 2023Oct 25, 2023
Jul 07, 2023$0.12QuarterlyJun 28, 2023Jul 10, 2023Jul 25, 2023
Apr 06, 2023$0.12QuarterlyMar 28, 2023Apr 10, 2023Apr 25, 2023
Dec 30, 2022$0.12Semi-AnnuallyDec 22, 2022Jan 03, 2023Jan 19, 2023
Oct 07, 2022$0.12Semi-AnnuallySep 29, 2022Oct 11, 2022Oct 26, 2022
Jul 08, 2022$0.12Semi-AnnuallyJun 30, 2022Jul 11, 2022Jul 26, 2022
Apr 08, 2022$0.10Semi-AnnuallyMar 29, 2022Apr 11, 2022Apr 26, 2022
Dec 31, 2021$0.10Not AvailableDec 17, 2021Jan 03, 2022Jan 18, 2022

Micron Technology (MU) Stock Forecast and Price Prediction

The 31 analysts providing 12-month price forecasts for Micron Technology stock (MU) anticipate an average target of 98.47, with estimates ranging from a low of 70.50 to a high of 121.45. This average target implies a marginal decrease of -0.15% from the current stock price of 97.62.

Micron Technology Stock Forecast 2025

According to our long-term Micron Technology stock prediction 2025, the average MU stock price target is $101.10 in 2025, with a low estimate of $73.59 and a high estimate of $129.10. This is an increase of 15.74% based on the stock’s average growth over the past 10 years.

Micron Technology Stock Forecast 2029

Micron Technology Stock Forecast 2029 (MU) is expected to reach an average price of $123.55 per share in the next 5 years, with a high forecast of $143.83 and a low forecast of $76.27. This average target implies an increase of 15% from the current stock price of 97.62.

Micron Technology Stock Forecast 2030

Micron Technology Stock Forecast 2030 (MU) is expected to reach an average price of $133.55 per share in the next 6 years, with a high forecast of $173.83 and a low forecast of $86.82. This average target implies an increase of 19.50% from the current stock price of 97.62.

Micron Technology Stock Forecast 2034

Micron Technology Stock Forecast 2034 (MU) is expected to reach an average price of $153.55 per share in the next 10 years, with a high forecast of $200.83 and a low forecast of $101.82. This average target implies an increase of 29.50% from the current stock price of 97.62.

Micron Technology Stock Forecast 2040

Micron Share Price Target 2040 (MU) is expected to reach an average price of $183.45 per share in the next 20 years, with a high forecast of $273.88 and a low forecast of $116.82. This average target implies an increase of 39.50% from the current stock price of 97.62.

Why is Micron Technology stock dropping?

The drop in Micron Technology’s (MU) stock can be attributed to several factors mentioned below:

  • Higher expenses have contributed to the drop in Micron Technology’s (MU) stock, as the company anticipates elevated operating costs despite initially forecasted higher revenue for its fiscal first quarter.
  • Decreased demand from smartphone and PC markets has resulted in oversupply issues, leading to a decline in Micron’s top and bottom lines.
  • Micron has experienced a significant loss of sales revenue in China and Hong Kong due to ongoing disputes, which has negatively impacted its financial performance.
  • The company’s last quarterly report showed discouraging results, including a negative gross margin and substantial net loss.
  • Memory pricing has seen a recent uptick after chip makers reduced production following weakened demand in the PC and mobile phone markets, contributing to the decline in Micron’s stock.
  • Furthermore, Micron experienced a significant decline in revenue for the fiscal year 2023, plummeting by 48% compared to the preceding year, accompanied by negative gross profit margins and losses per share.

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Was the Micron Technology merger successful?

In 1996, Micron made history with its inaugural merger, bringing together ZEOS International, Micron Computer, and Micron Custom Manufacturing Services (MCMS).

How Strong is the historical background of Micron Technology?

Micron Technology originated in 1978 as a semiconductor design firm in Boise, Idaho. By 1980, it began constructing its first fabrication plant and later gained prominence for introducing the world’s smallest 256K DRAM.

What is the Market Capitalization of Micron Technology?

As of the latest information Micron Technology Inc. holds a market capitalization of $109.26B in 2024 which is

What is the micron technology stock symbol?

Micron Technology is traded on the NASDAQ stock exchange under the symbol “MU”.

Is Micron (MU) currently a favorable stock investment?

Micron holds a consensus rating of Strong Buy, derived from 29 buy ratings, 3 hold ratings, and 2 sell ratings.

What is expected from Micron Technology in the future?

Micron Technology is expected to experience significant growth, with projected earnings and revenue increasing by 86.4% and 23.2% per year respectively. EPS is forecasted to grow by 85.2% annually, while the return on equity is expected to reach 13.8% in three years.

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