A statement released earlier today by Barclays about Micron (NASDAQ:MU) ups the target price to $23.00
- Updated: October 3, 2016
Yesterday Micron (NASDAQ:MU) traded -0.14% lower at $17.78. Micron’s 50-day average is $16.76 and its two hundred day average is $13.09. The last close is up 35.59% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 17,832,160 shares of MU changing hands under the typical 26,318,700
Barclays bumped up the target of Micron (NASDAQ:MU) to $23.00 reporting a potential upside of 0.29%.
On 9/21/2016, Nomura released a statement for Micron (NASDAQ:MU) raised the target price from $20.00 to $23.00. At the time, this indicated a possible upside of 0.36%.
Micron has a P/E ratio of 51.02 with a 52 week low of $9.31 and a one year high of $19.30 MU’s market capitalization is currently $0.
In addition to Barclays reporting its target price, a total of 23 analysts have released a report on MU. The one year target is $15.00 with 6 firms rating the stock a strong buy, 11 brokers rating the company a buy, nine firms rating the stock a hold, four analysts rating the stock a underperform, and finally one brokerage rating the company a sell.
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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