Micron (MU): New Buy Recommendation for This Technology Giant

In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Micron (MUResearch Report), with a price target of $67.00. The company’s shares closed yesterday at $56.51.

Gill covers the Technology sector, focusing on stocks such as Mobileye Global, Inc. Class A, Smart Global Holdings, and Micron. According to TipRanks, Gill has an average return of 10.0% and a 60.20% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Micron with a $63.38 average price target.

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MU market cap is currently $61.66B and has a P/E ratio of 10.25.

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Founded in 1978 and based in Idaho, Micron Technology, Inc. is a leader in providing innovative memory and storage solutions worldwide. It produces computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. The company operates through four segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU).

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