Micron Technology found using ticker (MU) now have 31 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 90 and 29 calculating the mean target price we have 54.93. Given that the stocks previous close was at 47.93 this is indicating there is a potential upside of 14.6%. There is a 50 day moving average of 47.03 and the 200 day MA is 43.52. The company has a market cap of $51,422m. You can visit the company’s website by visiting: http://www.micron.com
Micron Technology manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets; memory products 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 wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its internal sales force, independent sales representatives, distributors, and e-tailers; and Web-based customer direct sales channel, as well as through channel and distribution partners primarily to original equipment manufacturers and retailers. The company has strategic collaboration with BMW Group. Micron Technology was founded in 1978 and is headquartered in Boise, Idaho.