Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Micron Technology Inc Market Cap
Based on ratings from 31 stock analysts, the Micron Technology Inc stock price is expected to increase by 39.33% in 12 months. This is calculated by using the average 12-month stock price forecast for Micron Technology Inc. The lowest target is $70 and the highest is $250. Please note analyst price targets are not guaranteed and could be missed completely.
MU is a stock in Technology which has been forecasted to be worth $142.47 as an average. On the higher end, the forecast price is $250 USD by Hans Mosesmann from Rosenblatt and on the lower end MU is forecasted to be $70 by John Pitzer from Credit Suisse.
These are the latest 20 analyst ratings of MU.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| C J Muse Cantor Fitzgerald | Overweight | $150 | Reiterates | Oct 1, 2024 |
| Tristan Gerra Baird | Outperform | $150 | Maintains | Sep 27, 2024 |
| Vivek Arya B of A Securities | Buy | $125 | Maintains | Sep 26, 2024 |
| Karl Ackerman TD Cowen | Buy | $135 | Maintains | Sep 26, 2024 |
| Srini Pajjuri Raymond James | Outperform | $140 | Maintains | Sep 26, 2024 |
| Quinn Bolton Needham | Buy | $140 | Reiterates | Sep 26, 2024 |
| Hans Mosesmann Rosenblatt | Buy | $250 | Maintains | Sep 26, 2024 |
| Joseph Moore Morgan Stanley | Equal-Weight | $114 | Maintains | Sep 26, 2024 |
| Mehdi Hosseini Susquehanna | Positive | $165 | Maintains | Sep 26, 2024 |
| Matt Bryson Wedbush | Outperform | $140 | Reiterates | Sep 26, 2024 |
| Karl Ackerman TD Cowen | Buy | $115 | Maintains | Sep 19, 2024 |
| Brian Chin Stifel | Buy | $135 | Maintains | Sep 19, 2024 |
| Aaron Rakers Wells Fargo | Overweight | $175 | Maintains | Sep 18, 2024 |
| Timothy Arcuri UBS | Buy | $135 | Maintains | Sep 17, 2024 |
| Christopher Danely Citigroup | Buy | $150 | Maintains | Sep 17, 2024 |
| Joseph Moore Morgan Stanley | Equal-Weight | $100 | Maintains | Sep 16, 2024 |
| Karl Ackerman Exane BNP Paribas | Underperform | $67 | Downgrade | Sep 12, 2024 |
| Srini Pajjuri Raymond James | Outperform | $125 | Maintains | Sep 12, 2024 |
| Quinn Bolton Needham | Buy | $140 | Maintains | Aug 26, 2024 |
| Mehdi Hosseini Susquehanna | Positive | $175 | Maintains | Aug 22, 2024 |
When did it IPO
1989
Staff Count
43,000
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Mr. Sanjay Mehrotra
Market Cap
$113.38B
In 2023, MU generated $15.54B in revenue, which was a decrease of -49.48% from the previous year. This can be seen as a signal that MU's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 30 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Micron Technology exceeded expectations and provided a positive outlook, leading to increased investor enthusiasm.
Why It Matters - Micron's strong performance and positive outlook can boost investor confidence, potentially driving stock prices up and attracting more investment in the semiconductor sector.
Sat, 28 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Nvidia leads in GPU supply for AI development, while Micron produces high-bandwidth memory chips utilized in Nvidia's data center GPUs.
Why It Matters - Nvidia's dominance in AI GPU supply boosts its growth potential, while Micron's role in its supply chain positions it for increased demand in high-bandwidth memory.
Mon, 30 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Micron reported robust fiscal Q4 results and positive Q1 guidance, driven by strong demand for its HBM chips used in AI chipsets.
Why It Matters - Micron's strong Q4 performance and positive Q1 guidance indicate robust demand for HBM chips, signaling growth potential in the AI sector, which can drive investor confidence and stock value.
Mon, 30 Sep 2024
Sentiment - NEUTRAL
Source - The Motley Fool
Summary - The semiconductor company is positioned to meet an anticipated rise in customer demand.
Why It Matters - Increased customer demand for semiconductors can lead to higher revenues and profits, positively impacting stock performance and investor confidence in the company.
Sat, 28 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Micron reports growth in the HBM market but projects a ~20% market share, which is lower than expected. Q4 gross margins improved due to DRAM cost savings; it trades at a 32% premium to peers.
Why It Matters - Micron's lower market share outlook in HBM and modest premium over peers raises concerns about its competitive positioning, impacting future growth and profitability expectations.
Mon, 30 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Micron's 4Q FY2024 earnings spurred an 18% stock increase, with +80% YoY revenue growth and a positive FY2025 outlook, indicating strong DRAM demand and projected 583% YoY non-GAAP EPS growth.
Why It Matters - Micron's strong earnings and revenue growth signal robust DRAM demand, likely boosting margins and profitability, which can enhance investor confidence and stock performance moving forward.
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