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A statement released earlier today by Barclays about Micron (NASDAQ:MU) bumps the target price to $60.00

Yesterday Micron (NASDAQ:MU) traded -0.88% lower at $41.61. MU’s 50-day average is $35.35 and its two hundred day average is $30.96. With the last stock price close up 34.41% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. Volume of trade was up over the average, with 53,023,633 shares of MU changing hands over the typical 30,029,500

Barclays upped the price target of Micron (NASDAQ:MU) to $60.00 stating a potential upside of 0.44%.

Previously on 10/09/2017, BMO Capital released a statement about Micron (NASDAQ:MU) increased the target price from $0.00 to $43.00. At the time, this indicated a possible upside of 0.08%.

Recent Performance Chart

Micron (NASDAQ:MU)

Micron has PE ratio of 9.44 with a one year low of $16.17 and a one year high of $42.07 and has a market capitalization of $0.

A total of 23 equity analysts have released a research note on MU. Six equity analysts rating the company a strong buy, eleven analysts rating the company a buy, nine analysts rating the company a hold, 4 brokers rating the stock a underperform, and finally 1 brokerage rating the stock a sell with a average stock price target of $15.00.

Brief Synopsis On 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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