Stating a potential upside of 0.23%, Wells Fargo bumped up the target of Micron Technology Inc. (NDAQ:MU) to $40.00
Previously on Friday June 16, 2017, Mizuho Securities reported about Micron Technology Inc. (NDAQ:MU) increased the target price from $0.00 to $35.00. At the time, this indicated a possible upside of 0.17%.
Just yesterday Micron Technology Inc. (NDAQ:MU) traded 1.97% higher at $32.43. Micron Technology Inc.’s 50-day moving average is $30.11 and its 200-day moving average is $28.67. With the last stock price up 13.72% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same time. 26,034,048 shares of the stock were exchanged, down from an average trading volume of 28,969,800
Recent Performance Chart
With a total market value of $0, Micron Technology Inc. has PE ratio of 14.32 with a one year low of $16.17 and a one year high of $32.96 .
A total of 23 analysts have issued a report on the stock. 6 firms rating the stock a strong buy, eleven brokerages rating the company a buy, nine brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally one analyst rating the company a sell with a 12-month price target of $15.00.
About Micron Technology Inc. (NDAQ:MU)
Micron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes Memory Products Sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
The post Wells Fargo issued a report on Micron Technology Inc. (NDAQ:MU), boosting its price target to $40.00 earlier today appeared first on Octafinance.