Breaking Finance News

Goldman Sachs upgraded Micron Technology Inc. (NDAQ:MU) from Neutral to Buy in a report released today.

Just yesterday Micron Technology Inc. (NDAQ:MU) traded 0.90% higher at $34.71. Micron Technology Inc.’s 50-day moving average is $30.16 and its 200-day moving average is $29.08. The last stock price is up 18.99% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 14,253,534 shares of MU traded hands, down from an average trading volume of 28,506,500

Goldman Sachs has upgraded Micron Technology Inc. (NDAQ:MU) from Neutral to Buy in a report released on 09/13/2017.

Previously on 9/11/2017, FBN Securities released a statement about Micron Technology Inc. (NDAQ:MU) increased the target price from $0.00 to $45.00. At the time, this indicated a possible upside of 0.35%.

Recent Performance Chart

Micron Technology Inc. (NDAQ:MU)

Micron Technology Inc. has 52 week low of $16.17 and a 52 week high of $34.80 with a PE ratio of 15.20 and has a market capitalization of $0.

In addition to Goldman Sachs reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. The average stock price target is $15.00 with 6 brokerages rating the stock a strong buy, 11 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 4 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Micron Technology Inc. (NDAQ: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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.