Is Wall Street Bullish or Bearish on Micron Technology Stock?

Micron Technology, Inc. (MU), headquartered in Boise, Idaho, designs, develops, manufactures, and sells memory and storage products worldwide. Valued at $121.77 billion by market cap, the company delivers high-performance DRAM, NAND, and NOR memory and storage products through its Micron and Crucial brands. 

Shares of the memory and storage solutions provider have outperformed the broader market considerably over the past year. MU has gained 51.4% over this time frame, while the S&P 500 Index ($SPX) has risen 21.6%. In 2024, MU stock is up 25.5%, compared to SPX’s 16.7% returns on a YTD basis.