MU - Micron Technology - Stock Forecast

Technology - Sector
Coverage Profile Stock analysts Price Targets & Ratings Chart Insider Trading

MU is currently covered by 28 analysts with an average price target of $126.26. This is a potential upside of $25.79 (25.67%) from yesterday's end of day stock price of $100.47.

Micron Technology's activity chart (see below) currently has 1,342 price targets and 1,013 ratings on display. The stock rating distribution of MU is 83.13% BUY, 12.65% HOLD and 4.22% SELL.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 90.96% with an average time for these price targets to be met of 413.57 days.

Highest price target for MU is $250, Lowest price target is $90, average price target is $126.26.

Most recent stock forecast was given by JOHN VINH from KEYBANK on 08-Oct-2024. First documented stock forecast 06-Jun-2013.

Split History since 2000:

5/2/00 2 for 1

Overview

Micron Technology is a global leader in the design, development, manufacturing, and sale of memory and storage products. The company offers a wide range of memory and storage technologies, which are used in a variety of industries, including cloud server, enterprise, client, graphics, networking, industrial, automotive, and consumer markets.

Operations

The company operates through four business units: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. These units provide a diverse range of memory and storage products, including DRAM, NAND, and NOR memory products, as well as solid-state drives (SSDs) and component-level solutions.

DRAM products are dynamic random access memory semiconductor devices that provide high-speed data retrieval with low latency. NAND products are non-volatile and re-writable semiconductor storage devices used for long-term data storage. NOR memory products are non-volatile and re-writable semiconductor memory devices that provide fast read speeds. These products are marketed under the Micron and Crucial brands, as well as through private labels.

Micron’s memory and storage products are used in various applications such as cloud computing, enterprise computing, client computing, graphics, networking, industrial, and automotive markets. The company also offers memory and storage products for smartphones and other mobile devices.

The company markets its products through a variety of channels, including direct sales, independent sales representatives, distributors, and retailers. It also has a web-based customer direct sales channel and works with channel and distribution partners.

History

Micron Technology was founded in 1978 and is headquartered in Boise, Idaho

Currently out of the existing stock ratings of MU, 138 are a BUY (83.13%), 21 are a HOLD (12.65%), 7 are a SELL (4.22%).

Analyst name

Rating

Current price target

Potential Upside

Previous price target

Date

Price targets met ratio

Average potential upside

Average Time (Days) For PT To Be Met

Performance score

Buy

$135

$34.53 (34.37%)

$145

2 months 6 days ago
(08-Oct-2024)

9/13 (69.23%)

$32.46 (31.66%)

588

Buy

$150

$49.53 (49.30%)

$180

2 months 13 days ago
(01-Oct-2024)

9/11 (81.82%)

$49.69 (49.54%)

450

Buy

$150

$49.53 (49.30%)

$172

2 months 17 days ago
(27-Sep-2024)

32/37 (86.49%)

$42.5 (39.53%)

336

Hold

$114

$13.53 (13.47%)

$100

2 months 18 days ago
(26-Sep-2024)

51/59 (86.44%)

$4.12 (3.75%)

240

Buy

$140

$39.53 (39.35%)

$140

2 months 18 days ago
(26-Sep-2024)

1/4 (25%)

$30.12 (27.41%)

22

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What is MU (Micron Technology) average time for price targets to be met?

On average it took 413.57 days on average for the stock forecasts to be realized with a an average price target met ratio 90.96

Which analyst has the current highest performing score on MU (Micron Technology) with a proven track record?

PIERRE FERRAGU

Which analyst has the most public recommendations on MU (Micron Technology)?

Pierre Ferragu has 3 price targets and 5 ratings on MU

Which analyst is the currently most bullish on MU (Micron Technology)?

Hans Mosesmann with highest potential upside - $149.53

Which analyst is the currently most reserved on MU (Micron Technology)?

Doug Freedman with lowest potential downside - -$82.47

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