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Susquehanna announced Micron (NASDAQ:MU), bumping up its stock price target to $50.00 today

Just yesterday Micron (NASDAQ:MU) traded 1.07% higher at $35.43. Micron’s 50-day moving average is $30.81 and its 200-day moving average is $29.47. The last stock price is up 21.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 8,023,479 shares of MU traded hands, down from an average trading volume of 28,383,900

In a report released on 09/19/2017 Susquehanna increased the stock price target of Micron (NASDAQ:MU) from $40.00 to $50.00 reporting a possible upside of 0.41%.

Previously on 9/18/2017, Evercore ISI released a statement about Micron (NASDAQ:MU) increased the target price from $40.00 to $50.00. At the time, this indicated a possible upside of 0.44%.

Recent Performance Chart

Micron (NASDAQ:MU)

Micron has 52 week low of $16.17 and a 52 week high of $35.97 with a PE ratio of 15.73 and has a market capitalization of $0.

In addition to Susquehanna reporting its stock price target, a total of 23 brokerages have issued a research note 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 (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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