Micron Technology found using ticker (MU) now have 31 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 100 and 45 and has a mean target at 64.17. Given that the stocks previous close was at 56.51 this is indicating there is a potential upside of 13.6%. There is a 50 day moving average of 55.42 and the 200 day moving average is 59.83. The market capitalisation for the company is $61,499m. Company Website: https://www.micron.com
The potential market cap would be $69,835m based on the market concensus.
Micron Technology designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels. The company offers memory products for the cloud server, enterprise, client, graphics, networking, industrial, and automotive markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology was founded in 1978 and is headquartered in Boise, Idaho.
