Micron Technology Inc

Micron Technology Inc Stock Forecast & Price Prediction

Live Micron Technology Inc Stock (MU) Price
$102.91

31

Ratings

  • Buy 28
  • Hold 3
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$102.91

P/E Ratio

147.01

Volume Traded Today

$21.7M

Dividend

$0.115

52 Week High/low

157.54/63.88

Micron Technology Inc Market Cap

$114.10B

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MU Summary

Based on ratings from 31 stock analysts, the Micron Technology Inc stock price is expected to increase by 38.44% 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 Analyst Ratings

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.

MU stock forecast by analyst

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

MU Company Information

What They Do: Designs and sells memory and storage products.

Business Model: The company operates through four segments, providing a range of memory and storage technologies including dynamic random access memory (DRAM) and non-volatile storage solutions. It generates revenue by selling its products to various markets such as cloud servers, enterprise clients, mobile devices, and automotive sectors, utilizing multiple sales channels including direct sales, distributors, and online platforms.

Other Information: Founded in 1978 and headquartered in Boise, Idaho, the company leverages its established brand, Micron and Crucial, to reach a diverse customer base. Its focus on innovative memory solutions positions it well in the rapidly evolving technology landscape.
MU
Micron Technology Inc (MU)

When did it IPO

1989

Staff Count

43,000

Country

United States

Sector/Industry

Technology/Semiconductors

CEO

Mr. Sanjay Mehrotra

Market Cap

$114.10B

Micron Technology Inc (MU) Financial Data

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

$21.44B

Revenue From 2021

$27.71B

29.25 %
From Previous Year

Revenue From 2022

$30.76B

11.02 %
From Previous Year

Revenue From 2023

$15.54B

-49.48 %
From Previous Year
  • Revenue TTM $25.11B
  • Operating Margin TTM 19.7%
  • Gross profit TTM $5.61B
  • Return on assets TTM 1.2%
  • Return on equity TTM 1.7%
  • Profit Margin 3.1%
  • Book Value Per Share 40.70%
  • Market capitalisation $114.10B
  • Revenue for 2021 $27.71B
  • Revenue for 2022 $30.76B
  • Revenue for 2023 $15.54B
  • EPS this year (TTM) $0.70

Micron Technology Inc (MU) Latest News

News Image

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.

News Image

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.

News Image

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.

News Image

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.

News Image

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.

News Image

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.

...

MU Frequently asked questions

The highest forecasted price for MU is $250 from Hans Mosesmann at Rosenblatt.

The lowest forecasted price for MU is $70 from John Pitzer from Credit Suisse

The MU analyst ratings consensus are 28 buy ratings, 3 hold ratings, and 0 sell ratings.