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Micron (MU) Receives a Buy from Mizuho Securities

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Micron (MUResearch Report) yesterday and set a price target of $113.00. The company’s shares closed last Tuesday at $82.05.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 29.1% and a 69.4% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.

Micron has an analyst consensus of Strong Buy, with a price target consensus of $119.62, implying a 45.7% upside from current levels. In a report issued on March 16, Bernstein also upgraded the stock to Buy with a $94.00 price target.

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The company has a one-year high of $98.45 and a one-year low of $65.67. Currently, Micron has an average volume of 22.03M.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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).

Read More on MU:

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