Micron Technology (MU) Receives Price Target

Micron Technology (MU) stock is expected to deviate a maximum of $4.16 from the average target price of $15.85 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $20 and the most muted being $8.

Micron Technology (MU) has an average broker rating of 1.97, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


Also, Nomura maintains its view on Micron Technology (NASDAQ:MU) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Nomura raises the price target from $16 per share to $20 per share on Micron Technology . The rating by the firm was issued on August 25, 2016.

Micron Technology (NASDAQ:MU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.61 and $16.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.64, notching a gain of 0.91% for the day. The total traded volume was 15,719,453 . The stock had closed at $16.49 on the previous day.

Micron Technology, Inc. is a global provider of semiconductor devices. Through the Companys global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU), which includes DRAM and NOR Flash products; Mobile Business Unit (MBU), which includes DRAM, NAND Flash and NOR Flash products; Storage Business Unit (SBU), which includes NAND Flash components and Solid-State Drives (SSDs), cloud and removable storage markets. SBU also includes NAND Flash products, and Embedded Business Unit (EBU), which includes DRAM, NAND Flash and NOR Flash products.

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