Not a good buy right now: momentum has turned down (negative, expanding MACD histogram) and the stock is trading below the key pivot (~409.9), with near-term downside skew in the pattern-based forecast.
If you must make a decision today (impatient entry): avoid initiating new longs at 381; risk-reward is unfavorable until price reclaims ~410 or flushes to stronger support (353) and stabilizes.
Fundamentals and Street sentiment are strongly bullish, but the current tape/positioning suggests a pullback can continue before the next leg higher.
Trend/MAs: Bullish moving average stack (SMA_5 > SMA_20 > SMA_200) indicates the primary trend has been up, but price action is currently in a pullback phase.
Momentum: MACD histogram -4.787 and negatively expanding = bearish momentum is strengthening short-term (sell-pressure increasing).
RSI: RSI_6 at 40.23 = weak/soft momentum (not oversold), leaving room for further downside before a typical “snap-back” setup.
Key levels: Support S1 ~374.93 (near-term), then S2 ~353.31 (stronger). Resistance/pivot ~409.92; above that, R1 ~444.91.
Pattern-based forward odds: indicates bearish bias (-1.3% next day, -1.67% next week, -16.96% next month), aligning with the weakening MACD.
Options Data
Bearish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Positioning/sentiment split: OI put/call 1.23 suggests heavier put open interest (more hedging/defensive positioning), while volume put/call 0.76 shows more call flow today (dip-buying/speculation).
Volatility: IV (30d) ~75.73 vs HV ~71.86 = options are priced rich; IV percentile 96.41 (very elevated), which often coincides with heightened event/uncertainty or late-cycle momentum.
Activity: today’s option volume 675k (143% of 30D average) and OI elevated (~111% vs avg) = crowded/active positioning; can amplify moves in either direction.
Technical Summary
Sell
3
Buy
7
Positive Catalysts
Memory “supercycle” narrative supported by news flow: AI demand driving DRAM/NAND pricing strength; supply tightness remains a key tailwind.
AI infrastructure capex remains strong (e.g., large hyperscaler capex lift in the news), which is supportive for memory demand.
Qualcomm citing memory supply constraints reinforces tight supply/demand dynamics (bullish for pricing power for suppliers like Micron).
Neutral/Negative Catalysts
Options market shows meaningful put open interest (OI PCR 1.23), consistent with hedging/expectation of turbulence.
Net income: $5.24B, +180.21% YoY (major operating leverage).
EPS: 4.6, +175.45% YoY (earnings power expanding rapidly).
Gross margin: 56.04%, +45.79% YoY (pricing/mix tailwinds consistent with a memory upcycle).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: clearly improving/bullish—multiple firms raised targets and reiterated Buy/Outperform/Overweight; one notable downgrade (Aletheia to Hold) centered on HBM execution confidence.
Price targets skew higher: examples include $480 (Mizuho), $450 (TD Cowen), $500 (Phillip Securities initiation), and several moves to ~$400 (UBS/Piper). Stifel is more conservative at $360.
Wall Street bull case: tight supply + AI-driven demand + HBM ramp = durable pricing power and potentially less cyclicality; expectation of sharply higher earnings into 2026.
Wall Street bear/concern: HBM competitiveness/execution risk and timing (market may already be pricing in a lot, leaving the stock vulnerable during pullbacks).
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235 USD and a high forecast of 500 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235 USD and a high forecast of 500 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 382.890
Low
235
Averages
336.12
High
500
Current: 382.890
Low
235
Averages
336.12
High
500
UBS
Timothy Arcuri
Buy
maintain
$400 -> $450
AI Analysis
2026-02-06
New
Reason
UBS
Timothy Arcuri
Price Target
$400 -> $450
AI Analysis
2026-02-06
New
maintain
Buy
Reason
UBS analyst Timothy Arcuri raised the firm's price target on Micron to $450 from $400 and keeps a Buy rating on the shares.
Phillip Securities
Yik Ban Chong
initiated
$500
2026-02-01
Reason
Phillip Securities
Yik Ban Chong
Price Target
$500
2026-02-01
initiated
Reason
Phillip Securities analyst Yik Ban Chong initiated coverage of Micron with a Buy rating and $500 price target. The firm says the company's high bandwidth memory products are in high demand. It believes Micron can "chip away" at SK Hynix's market share when its HBM4 ramps beyond Q2.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for MU
