Micron Technology – Consensus Indicates Potential 83.6% Upside

Broker Ratings

Micron Technology with ticker code (MU) now have 32 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 165 and 70 calculating the average target price we see 108.54. Now with the previous closing price of 59.12 this would indicate that there is a potential upside of 83.6%. The 50 day moving average now sits at 69.81 and the 200 moving average now moves to 77.71. The market capitalisation for the company is $61,428m. Find out more information at: https://www.micron.com

The potential market cap would be $112,777m based on the market concensus.

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Micron Technology designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded 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, and networking 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; other 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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