A statement released earlier today by Stifel about Micron (NASDAQ:MU) bumps the target price to $22.00
- Updated: October 4, 2016
Boasting a price of $17.80, Micron (NASDAQ:MU) traded 0.39% higher on the day. With the last stock price close up 34.59% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Micron has recorded a 50-day average of $16.90 and a two hundred day average of $13.23. Volume of trade was up over the average, with 54,505,902 shares of MU changing hands over the typical 26,033,800
Stifel bumped up the target of Micron (NASDAQ:MU) to $22.00 stating a potential upside of 0.24%.
On 10/3/2016, Barclays released a statement for Micron (NASDAQ:MU) bumped up the target price from $19.00 to $23.00 that suggested an upside of 0.29%.
With a total market value of $0, Micron has price-earnings ratio of 51.15 with a one year low of $9.31 and a one year high of $19.30 .
A total of 23 equity analysts have released a ratings update on MU. Six equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, nine equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $15.00.
Brief Synopsis 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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