A statement released today by Cowen and Company about Micron Technology, Inc. (NASDAQ:MU) ups the target price to $21.00
- Updated: October 15, 2016
In a statement issued on 10/12/2016 Cowen and Company raised the target price of Micron Technology, Inc. (NASDAQ:MU) from $19.00 to $21.00 indicating a possible upside of 0.25%.
Previously on 10/05/2016, Stifel reported on Micron Technology, Inc. (NASDAQ:MU) bumped up the target price from $20.00 to $22.00 that suggested an upside of 0.24%.
Just yesterday Micron Technology, Inc. (NASDAQ:MU) traded 1.66% higher at $16.86. MU’s 50-day average is $17.22 and its two hundred day average is $13.54. The last close is up 26.54% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 23,539,801 shares of the stock traded hands, down from an avg. volume of 26,197,200
Recent Performance Chart
Micron Technology, Inc. has 52 week low of $9.31 and a one year high of $19.22 and has a market capitalization of $0.
A total of 23 brokers have issued a ratings update on Micron Technology, Inc.. Six equity analysts rating the company a strong buy, eleven analysts rating the stock a buy, 9 equity analysts rating the company a hold, four brokers rating the stock a underperform, and finally 1 analyst rating the company a sell with a 12-month price target of $15.00.
General Company Details For 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, connected home and consumer electronics markets.
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