A statement released earlier today by Cowen about Micron (NASDAQ:MU) bumps the target price to $21.00
- Updated: October 11, 2016
Stating a potential upside of 0.25%, Cowen upped the price target of Micron (NASDAQ:MU) to $21.00
On 10/05/2016, Stifel released a statement on Micron (NASDAQ:MU) upped the target price from $20.00 to $22.00 that suggested an upside of 0.24%.
Having a price of $16.86, Micron (NASDAQ:MU) traded -3.66% lower on the day. With the last close up 25.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Micron has recorded a 50-day average of $17.13 and a two hundred day average of $13.44. Volume of trade was up over the average, with 38,070,757 shares of MU changing hands over the typical 26,303,200
With a total market value of $0, Micron has with a one year low of $9.31 and a one year high of $19.30 .
A total of 23 analysts have released a report on Micron. Six analysts rating the company a strong buy, eleven analysts rating the company a buy, nine analysts rating the company a hold, four analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $15.00.
More 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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