61.8% Below Target

The consensus Wall Street price target for MU is $1518.26, representing 61.8% upside from the current price of $938.38. With 70 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

MU has a consensus rating of "Buy" based on 70 Wall Street analysts. The rating breakdown is predominantly bullish, with 57 Buy/Strong Buy ratings. The consensus 12-month price target of $1518.26 implies 61.8% upside from current levels.

With a forward P/E of 12.8292x, MU trades at a relatively low valuation. The consensus target of $1518.26 implies 61.8% appreciation, suggesting meaningful undervaluation.

The most bullish Wall Street analyst has a price target of $2200 for MU, while the most conservative target is $400. The consensus of $1518.26 represents the median expectation. Our quantitative valuation model projects a bull case target of $3383 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

MU is heavily covered by Wall Street, with 70 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 57 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 70 Wall Street analysts shows a consensus price target of $1518.26, with estimates ranging from $400 (bear case) to $2200 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $2567, with bear/bull scenarios of $1617/$3383.

Our quantitative valuation model calculates MU's fair value at $2567 (base case), with a bear case of $1617 and bull case of $3383. 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 54/100.

MU trades at a forward P/E ratio of 12.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 123.6x. 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.

Wall Street analysts are very optimistic on MU, with a "Buy" consensus rating and $1518.26 price target (61.8% upside). 57 of 70 analysts rate it Buy or Strong Buy. 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 $400 to $2200, a 119% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $1518.26 consensus represents the middle ground. Our model's $1617-$3383 range provides an independent fundamental perspective.