Ratings for Micron Technology MU were provided by 14 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 7 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 4 | 6 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Micron Technology, presenting an average target of $154.93, a high estimate of $250.00, and a low estimate of $114.00. Witnessing a positive shift, the current average has risen by 2.22% from the previous average price target of $151.57.
Decoding Analyst Ratings: A Detailed Look
The perception of Micron Technology by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $250.00 | $250.00 |
| Matt Bryson | Wedbush | Maintains | Outperform | $140.00 | $140.00 |
| Brian Chin | Stifel | Maintains | Buy | $135.00 | $135.00 |
| John Vinh | Keybanc | Lowers | Overweight | $135.00 | $145.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $150.00 | $150.00 |
| Tristan Gerra | Baird | Lowers | Outperform | $150.00 | $172.00 |
| Hans Mosesmann | Rosenblatt | Raises | Buy | $250.00 | $225.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $140.00 | $125.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $125.00 | $110.00 |
| Karl Ackerman | TD Cowen | Raises | Buy | $135.00 | $115.00 |
| Joseph Moore | Morgan Stanley | Raises | Equal-Weight | $114.00 | $100.00 |
| Matt Bryson | Wedbush | Maintains | Outperform | $140.00 | $140.00 |
| Mehdi Hosseini | Susquehanna | Lowers | Positive | $165.00 | $175.00 |
| Quinn Bolton | Needham | Maintains | Buy | $140.00 | $140.00 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Micron Technology compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Micron Technology's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Micron Technology's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Micron Technology analyst ratings.
Discovering Micron Technology: A Closer Look
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.
Micron Technology's Financial Performance
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Micron Technology displayed positive results in 3 months. As of 31 August, 2024, the company achieved a solid revenue growth rate of approximately 93.27%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Micron Technology's net margin excels beyond industry benchmarks, reaching 11.45%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Micron Technology's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.99%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Micron Technology's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.31%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Micron Technology's debt-to-equity ratio is below the industry average at 0.31, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: What Are They?
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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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