A report released earlier today by UBS about Micron (NASDAQ:MU) ups the target price to $24.00
- Updated: December 1, 2016
Just yesterday Micron (NASDAQ:MU) traded 1.13% higher at $19.53. MU’s 50-day average is $17.72 and its two hundred day average is $15.19. With the last stock price close up 30.05% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 998,416 shares of MU traded hands, down from an average trading volume of 25,545,900
Stating a potential upside of 0.23%, UBS bumped up the price target of Micron (NASDAQ:MU) to $24.00
Previously on 03/07/2016, Nomura reported about Micron (NASDAQ:MU) increased the target price from $0.00 to $8.00. At the time, this indicated a possible downside of -0.33%.
With a total market value of $0, Micron has with a 52 week low of $9.31 and a 52 week high of $20.44 .
In addition to UBS reporting its stock price target, a total of 23 brokers have issued a research note on Micron. The 12-month price target is $15.00 with six firms rating the stock a strong buy, 11 firms rating the stock a buy, nine equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally 1 broker rating the stock a sell.
General Information About Micron (NASDAQ: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.
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