Will Micron Stock (MU) Recover from Today's Fall?
Complete. Here is the key summaryMicron (MU) stock fell 8.37% amid a tech selloff, raising recovery questions. Despite the drop, MU is up 189% year-to-date. Analysts maintain a 'Strong Buy' consensus with an average price target of $1,569.29, implying 91.88% upside. Melius Research sets a high target of $2,200, while Goldman Sachs holds at $1,100. Trading volume remains below average.
Micron (MU) stock was hit hard on Tuesday, as a tech selloff continued to see the company's shares lose value. With this drop, some traders might be wondering if MU stock can recover. This also begs the question of if right now is the right time to buy Micron shares.
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Looking at the latest analyst coverage of Micron stock, the average price target for the shares is $1,569.29. This MU stock price target represents a potential 91.88% upside from the shares' current price.
Turning to the most bullish coverage of Micron stock, traders will see a Street-high price target of $2,200. Five-star Melius Research analyst Ben Reitzes is behind this price target, which represents a possible 169% upside for MU stock. Investors will note that Reitzes doubled his price target for Micron stock on June 25, 2026 due to the company's Fiscal Q3 2026 earnings results. He also reiterated a Buy rating.
On the flip side of that, the most bearish coverage of Micron stock includes a Street-low price target of $1,100. Five-star Goldman Sachs analyst James Schneider is behind this price target, which represents a possible 34.5% upside for the shares. Like Reitzes, Schneider updated his coverage of MU stock after the company's most recent earnings report. He also maintained a Buy rating for the shares.
Do Analysts Believe Micron Stock Is Still Worth Buying?
Looking at analysts' latest coverage of Micron stock, the consensus rating for the company's shares is Strong Buy, based on 29 Buy ratings and one Hold rating over the past three months.
Investors will note that the latest tech selloff has dropped MU stock 8.37% today, following a similar drop yesterday. Even so, Micron stock was still up 189.17% year-to-date and has risen 704.04% over the past 12 months.
While Micron stock was caught up in the selloff today, the company's shares haven't experienced overly heavy trading activity. Instead, about 34 million shares have changed hands, which is still below the company's three-month average daily trading volume of about 46.78 million shares. (See MU Stock Forecast)