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Micron Technology Inc has a consensus price target of $146.04 based on the ratings of 27 analysts. The high is $225 issued by Rosenblatt on June 27, 2024. The low is $67 issued by Exane BNP Paribas on September 12, 2024. The 3 most-recent analyst ratings were released by TD Cowen, Stifel, and Wells Fargo on September 19, 2024, September 19, 2024, and September 18, 2024, respectively. With an average price target of $141.67 between TD Cowen, Stifel, and Wells Fargo, there's an implied 55.42% upside for Micron Technology Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Micron Technology (NASDAQ:MU) was reported by TD Cowen on September 19, 2024. The analyst firm set a price target for $115.00 expecting MU to rise to within 12 months (a possible 26.17% upside). 100 analyst firms have reported ratings in the last year.
The latest analyst rating for Micron Technology (NASDAQ:MU) was provided by TD Cowen, and Micron Technology maintained their buy rating.
The last upgrade for Micron Technology Inc happened on May 20, 2024 when Morgan Stanley raised their price target to $130. Morgan Stanley previously had an underweight for Micron Technology Inc.
The last downgrade for Micron Technology Inc happened on September 12, 2024 when Exane BNP Paribas changed their price target from $140 to $67 for Micron Technology Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Micron Technology, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Micron Technology was filed on September 19, 2024 so you should expect the next rating to be made available sometime around September 19, 2025.
While ratings are subjective and will change, the latest Micron Technology (MU) rating was a maintained with a price target of $160.00 to $115.00. The current price Micron Technology (MU) is trading at is $91.15, which is out of the analyst’s predicted range.
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