Micron Technology MU underwent analysis by 29 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 13 | 13 | 2 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 4 | 0 | 0 | 0 |
| 3M Ago | 12 | 9 | 2 | 1 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $96.92, a high estimate of $140.00, and a low estimate of $74.75. Observing a 13.64% increase, the current average has risen from the previous average price target of $85.29.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Micron Technology among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Vijay Rakesh | Mizuho | Raises | Buy | $105.00 | $100.00 |
| C J Muse | Cantor Fitzgerald | Announces | Overweight | $100.00 | - |
| Srini Pajjuri | Raymond James | Raises | Outperform | $100.00 | $90.00 |
| John Vinh | Keybanc | Raises | Overweight | $115.00 | $100.00 |
| Harsh Kumar | Piper Sandler | Raises | Overweight | $95.00 | $70.00 |
| C Muse | Evercore ISI Group | Raises | Outperform | $100.00 | $90.00 |
| Aaron Rakers | Wells Fargo | Raises | Overweight | $95.00 | $82.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $90.00 | $82.00 |
| Matt Bryson | Wedbush | Maintains | Outperform | $95.00 | - |
| Hans Mosesmann | Rosenblatt | Raises | Buy | $140.00 | $100.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $100.00 | $95.00 |
| Brian Chin | Stifel | Raises | Hold | $80.00 | $76.00 |
| Timothy Arcuri | UBS | Raises | Buy | $95.00 | $90.00 |
| Joseph Moore | Morgan Stanley | Raises | Underweight | $74.75 | $71.50 |
| Harlan Sur | JP Morgan | Raises | Overweight | $105.00 | $90.00 |
| Christopher Danely | Citigroup | Raises | Buy | $95.00 | $88.00 |
| Quinn Bolton | Needham | Raises | Buy | $100.00 | $85.00 |
| Sidney Ho | Deutsche Bank | Raises | Buy | $90.00 | $85.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $95.00 | $86.00 |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $97.00 | $85.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $95.00 | $85.00 |
| John Vinh | Keybanc | Raises | Overweight | $100.00 | $90.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
| Ambrish Srivastava | BMO Capital | Raises | Outperform | $90.00 | $80.00 |
| Mehdi Hosseini | Susquehanna | Raises | Positive | $112.00 | $90.00 |
| Brian Chin | Stifel | Raises | Hold | $76.00 | $72.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $95.00 | $77.00 |
| Timothy Arcuri | UBS | Raises | Buy | $90.00 | $76.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $86.00 | $82.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Micron Technology. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Micron Technology compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Micron Technology's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Micron Technology's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Micron Technology analyst ratings.
Get to Know Micron Technology Better
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Financial Insights: Micron Technology
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Micron Technology showcased positive performance, achieving a revenue growth rate of 15.69% as of 30 November, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Micron Technology's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -26.11%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Micron Technology's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.84%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.93%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Micron Technology's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.33.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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