Micron Technology – Consensus Indicates Potential 10.5% Upside

Broker Ratings

Micron Technology with ticker code (MU) now have 31 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 100 and 45 with the average target price sitting at 64.17. Given that the stocks previous close was at 58.06 this would indicate that there is a potential upside of 10.5%. The 50 day MA is 55.25 and the 200 moving average now moves to 60.27. The market cap for the company is $62,492m. Find out more information at: https://www.micron.com

The potential market cap would be $69,068m based on the market concensus.

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Micron Technology designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, networking, industrial, and automotive markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology was founded in 1978 and is headquartered in Boise, Idaho.

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