Throughout the last three months, 33 analysts have evaluated Micron Technology MU, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 14 | 15 | 2 | 2 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 14 | 11 | 2 | 2 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Micron Technology, presenting an average target of $94.46, a high estimate of $140.00, and a low estimate of $71.50. This current average reflects an increase of 13.71% from the previous average price target of $83.07.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Micron Technology is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| C J Muse | Cantor Fitzgerald | Announces | Overweight | $100.00 | - |
| Srini Pajjuri | Raymond James | Raises | Outperform | $100.00 | $90.00 |
| John Vinh | Keybanc | Raises | Overweight | $115.00 | $100.00 |
| Harsh Kumar | Piper Sandler | Raises | Overweight | $95.00 | $70.00 |
| C Muse | Evercore ISI Group | Raises | Outperform | $100.00 | $90.00 |
| Aaron Rakers | Wells Fargo | Raises | Overweight | $95.00 | $82.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $90.00 | $82.00 |
| Matt Bryson | Wedbush | Maintains | Outperform | $95.00 | - |
| Hans Mosesmann | Rosenblatt | Raises | Buy | $140.00 | $100.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $100.00 | $95.00 |
| Brian Chin | Stifel | Raises | Hold | $80.00 | $76.00 |
| Timothy Arcuri | UBS | Raises | Buy | $95.00 | $90.00 |
| Joseph Moore | Morgan Stanley | Raises | Underweight | $74.75 | $71.50 |
| Harlan Sur | JP Morgan | Raises | Overweight | $105.00 | $90.00 |
| Christopher Danely | Citigroup | Raises | Buy | $95.00 | $88.00 |
| Quinn Bolton | Needham | Raises | Buy | $100.00 | $85.00 |
| Sidney Ho | Deutsche Bank | Raises | Buy | $90.00 | $85.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $95.00 | $86.00 |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $97.00 | $85.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $95.00 | $85.00 |
| John Vinh | Keybanc | Raises | Overweight | $100.00 | $90.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
| Ambrish Srivastava | BMO Capital | Raises | Outperform | $90.00 | $80.00 |
| Mehdi Hosseini | Susquehanna | Raises | Positive | $112.00 | $90.00 |
| Brian Chin | Stifel | Raises | Hold | $76.00 | $72.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $95.00 | $77.00 |
| Timothy Arcuri | UBS | Raises | Buy | $90.00 | $76.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $86.00 | $82.00 |
| Christopher Danely | Citigroup | Raises | Buy | $88.00 | $85.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $82.00 | $76.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $85.00 | $80.00 |
| Quinn Bolton | Needham | Raises | Buy | $85.00 | $75.00 |
| Joseph Moore | Morgan Stanley | Raises | Underweight | $71.50 | $58.50 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Micron Technology. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Micron Technology compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Micron Technology's stock. This analysis reveals shifts 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.
Unveiling the Story Behind 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.
Micron Technology: Financial Performance Dissected
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 30 November, 2023, the company achieved a solid revenue growth rate of approximately 15.69%. 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: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -26.11%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -2.84%, the company may need to address challenges in generating 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 -1.93%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Micron Technology's debt-to-equity ratio is below the industry average. With a ratio of 0.33, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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