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Micron Technology Inc. (NDAQ:MU) target price increased to $50.00, issued a research note today by Needham Company LLC

In a report issued 06/08/2017 Needham Company LLC bumped up the target of Micron Technology Inc. (NDAQ:MU) to $50.00 reporting a possible upside of 0.55%.

Just yesterday Micron Technology Inc. (NDAQ:MU) traded -0.88% lower at $32.24. Micron Technology Inc.’s 50-day average is $35.35 and its two hundred day average is $30.96. With the last stock price up 34.41% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. Trade Volume was up over the average, with 53,023,633 shares of MU changing hands over the typical 30,029,500

Recent Performance Chart

Micron Technology Inc. (NDAQ:MU)

Micron Technology Inc. has a one year low of $16.17 and a one year high of $42.07 with a price-earnings ratio of 9.44 The company’s market cap is currently $0.

Also covering Micron Technology Inc.'s target, a total of 23 equity analysts have released a research note on the company. The average stock price target is $15.00 with 6 firms rating the stock a strong buy, 11 firms rating the stock a buy, 9 brokers rating the stock a hold, 4 brokers rating the company a underperform, and lastly one equity analyst rating the company a sell.

Brief Synopsis About 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.

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