Micron Technology (MU) : 18 analysts are covering Micron Technology (MU) and their average rating on the stock is 1.97, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Micron Technology (MU) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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 15 Wall Street Brokerage Firms. The average price target for shares are $15.13 with an expected fluctuation of $3.7 from the mean.
Shares of Micron Technology, Inc. rose by 4.45% in the last five trading days and 16.24% for the last 4 weeks. Micron Technology, Inc. is up 40.82% in the last 3-month period. Year-to-Date the stock performance stands at 14.27%. Micron Technology (NASDAQ:MU): On Tuesdays trading session , Opening price of the stock was $16.27 with an intraday high of $16.54. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.14. However, the stock managed to close at $16.18, a loss of 0.06% for the day. On the previous day, the stock had closed at $16.19. The total traded volume of the day was 23,741,423 shares.
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.