A statement released earlier today by Vetr Inc. about Micron Technology, Inc. (NASDAQ:MU) raises the target price to $17.58
- Updated: September 17, 2016
In a report released on Thursday August 18 2016 Vetr Inc. bumped up the target price of Micron Technology, Inc. (NASDAQ:MU) from $0 to $18 stating a possible upside of 0.08%.
On 8/16/2016, Brean Murray reported on Micron Technology, Inc.(NASDAQ:MU) bumped the target price from $14.00 to $18.00. At the time, this suggested an upside of 0.17%.
Having a price of $16.25, Micron Technology, Inc. (NASDAQ:MU) traded 0.17% higher on the day. The last close is up 39.43% relative to the two hundred day average, compared with the S&P 500 Index which has fallen -0.01% over the date range. Micron Technology, Inc. has logged a 50-day average of $15.51 and two hundred day moving average of $12.54. 37,447,381 shares of MU exchanged hands, up from ann average volume of 28,346,400
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Micron Technology, Inc. has a PE of 50 with a 52 week low of $9.31 and a one-year high of $19.30. MU’s market capitalization is currently $0.0.
In addition to Vetr Inc. reporting it’s stock price target, a total of 23 analysts have released a research note on MU. The 12-month target stock price is $15.00 with six firms rating the stock a strong buy, 11 firms rating the company a buy, nine analyts rating the stock a hold, four firms rating the stock to underperform, and finally one firmrating the stock as sell.
General Information About Micron Technology, Inc. (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, and connected home and consumer electronics markets.
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