Micron (MU)
NASDAQ:MU

Micron (MU) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

MU Analyst Ratings

Moderate Buy
24Ratings
18 Buy
4 Hold
2 Sell
Based on 24 analysts giving stock ratings to
Micron
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

MU Stock 12 Months Forecast

Average Price Target

$65.59
▲(18.23% Upside)
Based on 24 Wall Street analysts offering 12 month price targets for Micron in the last 3 months. The average price target is $65.59 with a high forecast of $100.00 and a low forecast of $45.00. The average price target represents a 18.23% change from the last price of $55.48.
Highest Price Target$100.00Average Price Target$65.59Lowest Price Target$45.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
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Credit Suisse
$78.00
Buy
40.60%
Upside
Initiated
Micron initiated with an Outperform at Credit SuisseMicron initiated with an Outperform at Credit Suisse
Loop Capital Markets
$70.00
Buy
26.18%
Upside
Initiated
Loop Capital Initiates Coverage On Micron Technology with Buy Rating, Announces Price Target of $70
Deutsche Bank
$60.00
Buy
8.16%
Upside
Reiterated
Micron price target lowered to $60 from $68 at Deutsche BankMicron price target lowered to $60 from $68 at Deutsche Bank
Goldman Sachs
$62.00
Buy
11.76%
Upside
Reiterated
KeyBanc
$70.00
Buy
26.18%
Upside
Reiterated
Micron Technology Earnings Were Materially Worse Than Expected: 6 Analysts CommentMicron Technology expects the oversupply challenges to persist through the first half of fiscal 2023, with a recovery expected in the second half, Vinh said. Were lowering estimates and remain OW, as we see favorable risk/reward and compelling LT secular trends for MU, he added.
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MU Financial Forecast

MU Earnings Forecast
Next quarter’s earnings estimate for MU is <$0.01 with a range of -$0.13 to $0.12. The previous quarter’s EPS was $1.45. MU beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.85% of the time in the same period. In the last calendar year MU has Outperformed its overall industry.
Next quarter’s earnings estimate for MU is <$0.01 with a range of -$0.13 to $0.12. The previous quarter’s EPS was $1.45. MU beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.85% of the time in the same period. In the last calendar year MU has Outperformed its overall industry.
MU Sales Forecast
Next quarter’s sales forecast for MU is $4.17B with a range of $3.91B to $4.30B. The previous quarter’s sales results were $6.64B. MU beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 67.13% of the time in the same period. In the last calendar year MU has Underperformed its overall industry.
Next quarter’s sales forecast for MU is $4.17B with a range of $3.91B to $4.30B. The previous quarter’s sales results were $6.64B. MU beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 67.13% of the time in the same period. In the last calendar year MU has Underperformed its overall industry.
MU Analyst Recommendation Trends
In the current month, MU has received 1 Buy ratings 0 Hold ratings, and 0 Sell ratings. The MU average analyst price target in the past 3 months is $65.59
In the current month, MU has received 1 Buy ratings 0 Hold ratings, and 0 Sell ratings. The MU average analyst price target in the past 3 months is $65.59

MU Stock Forecast FAQ

What is MU’s average 12-month price target, according to analysts?
Based on analyst ratings, Micron’s 12-month average price target is $65.59.
    What is MU’s upside potential, based on the analysts’ average price target?
    Micron has 18.23% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is MU a Buy, Sell or Hold?
          Micron has a conensus rating of Moderate Buy which is based on 18 buy ratings, 4 hold ratings and 2 sell ratings.
            What is Micron’s price target?
            The average price target for Micron is $65.59. This is based on 24 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $100.00 ,the lowest forecast is $45.00. The average price target represents 18.23% Increase from the current price of $55.475.
              What do analysts say about Micron?
              Micron’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 24 Wall Streets Analysts.

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