Micron Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Micron Technology, Inc. MU is expected to report financial results for its fiscal fourth quarter, after the closing bell on Sept. 27, 2023.

Analysts expect the company to post a quarterly loss at $1.18 per share, compared to year-ago earnings of $1.45 per share. The company’s revenue might come in at $3.91 billion, compared to $6.64 billion in the year-ago period.

Micron shares fell 0.9% to close at $67.94 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Evercore ISI Group analyst C Muse maintained an Outperform rating and raised the price target from $80 to $90 on Sept. 26, 2023. This analyst has an accuracy rate of 75%.
• Mizuho analyst Vijay Rakesh maintained a Buy rating and boosted the price target from $72 to $82 on Sept. 22, 2023. This analyst has an accuracy rate of 72%.
• Goldman Sachs analyst Toshiya Hari maintained a Buy rating and increased the price target from $80 to $85 on Sept. 19, 2023. This analyst has an accuracy rate of 74%.
• Deutsche Bank analyst Sidney Ho upgraded the stock from Hold to Buy and raised the price target from $65 to $85 on Sept. 18, 2023. This analyst has an accuracy rate of 81%.
• Citigroup analyst Christopher Danely maintained a Buy rating and increased the price target from $75 to $85 on Sept. 7, 2023. This analyst has an accuracy rate of 82%.

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