Brokerage Firm Rating Update on Micron Technology (MU)

Micron Technology (MU) : 11 brokerage houses believe that Micron Technology (MU) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Micron Technology (MU). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 18 Wall Street Analysts endorse the stock as a Buy with a rating of 1.97.

Micron Technology (MU) : The most positive equity analysts on Micron Technology (MU) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $16.15 with an expected fluctuation of $4.24 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley maintains its view on Micron Technology (NASDAQ:MU) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Morgan Stanley raises the price target from $18 per share to $20 per share on Micron Technology . The rating by the firm was issued on August 30, 2016.

Micron Technology (NASDAQ:MU): The stock opened at $17.21 and touched an intraday high of $17.35 on Wednesday. During the day, the stock corrected to an intraday low of $17.02, however, the bulls stepped in and pushed the price higher to close in the green at $17.16 with a gain of 0.88% for the day. The total traded volume for the day was 23,023,491. The stock had closed at $17.01 in the previous trading session.

Micron Technology, Inc. is a global provider of semiconductor devices. Through the Companys global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU), which includes DRAM and NOR Flash products; Mobile Business Unit (MBU), which includes DRAM, NAND Flash and NOR Flash products; Storage Business Unit (SBU), which includes NAND Flash components and Solid-State Drives (SSDs), cloud and removable storage markets. SBU also includes NAND Flash products, and Embedded Business Unit (EBU), which includes DRAM, NAND Flash and NOR Flash products.

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