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Mizuho Securities disclosed Micron (NASDAQ:MU), upping its stock price target to $22.00 earlier today

Mizuho Securities raised the target price of Micron (NASDAQ:MU) to $22.00 stating a potential upside of 0.24%.

Previously on 10/03/2016, Barclays reported on Micron (NASDAQ:MU) increased the target price from $19.00 to $23.00. At the time, this indicated a possible upside of 0.29%.

Just yesterday Micron (NASDAQ:MU) traded 0.39% higher at $17.80. Micron’s 50-day moving average is $16.90 and its 200-day moving average is $13.23. The last closing price is up 34.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 54,505,902 shares of MU traded, up from an average trading volume of 26,033,800

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Micron (NASDAQ:MU)

Micron has a 52 week low of $9.31 and a 52 week high of $19.30 with a PE ratio of 51.15 Micron’s market capitalization is presently $0.

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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