diff --git a/extensions/micrometer/deployment/src/main/java/io/quarkus/micrometer/deployment/binder/mpmetrics/AnnotationHandler.java b/extensions/micrometer/deployment/src/main/java/io/quarkus/micrometer/deployment/binder/mpmetrics/AnnotationHandler.java
index 1645ffbe59ef5..46ff12cef8293 100644
--- a/extensions/micrometer/deployment/src/main/java/io/quarkus/micrometer/deployment/binder/mpmetrics/AnnotationHandler.java
+++ b/extensions/micrometer/deployment/src/main/java/io/quarkus/micrometer/deployment/binder/mpmetrics/AnnotationHandler.java
@@ -71,10 +71,14 @@ public void transform(TransformationContext ctx) {
                 MetricAnnotationInfo annotationInfo = new MetricAnnotationInfo(annotation, index,
                         classInfo, methodInfo, fieldInfo);
 
+                // preserve the original annotation target, `ctx.getTarget()` is different in case of method parameters
+                AnnotationInstance newAnnotation = AnnotationInstance.create(targetAnnotation, annotation.target(),
+                        annotationInfo.getAnnotationValues());
+
                 // Remove the existing annotation, and add a new one with all the fields
                 ctx.transform()
                         .remove(x -> x == annotation)
-                        .add(targetAnnotation, annotationInfo.getAnnotationValues())
+                        .add(newAnnotation)
                         .done();
             }
         });