Micron Technology MU has been analyzed by 30 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
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 | 15 | 13 | 1 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 4 | 2 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 10 | 8 | 0 | 1 | 0 |
Analysts have set 12-month price targets for Micron Technology, revealing an average target of $145.13, a high estimate of $225.00, and a low estimate of $98.00. This current average has increased by 19.67% from the previous average price target of $121.28.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| Matt Bryson | Wedbush | Raises | Outperform | $170.00 | $130.00 |
| C J Muse | Cantor Fitzgerald | Raises | Overweight | $180.00 | $150.00 |
| Mehdi Hosseini | Susquehanna | Raises | Positive | $185.00 | $143.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $170.00 | $144.00 |
| Timothy Arcuri | UBS | Raises | Buy | $155.00 | $125.00 |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $138.00 | $122.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $155.00 | $150.00 |
| Joseph Moore | Morgan Stanley | Raises | Equal-Weight | $130.00 | $98.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $150.00 | $130.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $145.00 | $120.00 |
| Tristan Gerra | Baird | Raises | Outperform | $150.00 | $115.00 |
| Brian Chin | Stifel | Maintains | Buy | $140.00 | - |
| C J Muse | Cantor Fitzgerald | Raises | Overweight | $150.00 | $135.00 |
| John Vinh | Keybanc | Raises | Overweight | $150.00 | $135.00 |
| Christopher Danely | Citigroup | Maintains | Buy | $150.00 | $150.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $144.00 | $120.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $130.00 | $124.00 |
| Harsh Kumar | Piper Sandler | Raises | Overweight | $130.00 | $95.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $120.00 | $100.00 |
| Joseph Moore | Morgan Stanley | Raises | Underweight | $98.00 | $78.00 |
| Krish Sankar | TD Cowen | Raises | Outperform | $150.00 | $120.00 |
| Timothy Arcuri | UBS | Raises | Buy | $125.00 | $120.00 |
| Matt Bryson | Wedbush | Raises | Outperform | $130.00 | $103.00 |
| Brian Chin | Stifel | Raises | Buy | $140.00 | $120.00 |
| Aaron Rakers | Wells Fargo | Raises | Overweight | $135.00 | $125.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $124.00 | $105.00 |
| Harlan Sur | JP Morgan | Raises | Overweight | $130.00 | $105.00 |
| Hans Mosesmann | Rosenblatt | Raises | Buy | $225.00 | $140.00 |
| Quinn Bolton | Needham | Raises | Buy | $120.00 | $100.00 |
| John Vinh | Keybanc | Raises | Overweight | $135.00 | $115.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Micron Technology. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Micron Technology compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Micron Technology's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Micron Technology's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Micron Technology analyst ratings.
About Micron Technology
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.
Breaking Down Micron Technology's Financial Performance
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Micron Technology displayed positive results in 3 months. As of 29 February, 2024, the company achieved a solid revenue growth rate of approximately 57.7%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Micron Technology's net margin excels beyond industry benchmarks, reaching 13.62%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Micron Technology's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.83%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Micron Technology's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.22%, the company may encounter challenges in delivering 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.
Analyst Ratings: Simplified
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and 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.
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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