A Glimpse Into The Expert Outlook On Micron Technology Through 33 Analysts
Portfolio Pulse from Benzinga Insights
Micron Technology (NASDAQ:MU) has been evaluated by 33 analysts over the last three months, with a diverse range of opinions. The recent ratings show a shift towards a more bullish sentiment, with no bearish ratings in the last 30 days. Analysts have raised their 12-month price targets for MU, with an average target of $94.46, reflecting a 13.71% increase from the previous average of $83.07. The article also provides a detailed breakdown of individual analyst actions and their revised price targets. Micron's financial performance shows solid revenue growth but below industry benchmarks in net margin, ROE, and ROA, with a healthy debt-to-equity ratio.
January 23, 2024 | 1:01 pm
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Analysts have a bullish outlook on Micron Technology, with multiple price target increases and a higher average target of $94.46. The company shows strong revenue growth but faces challenges in profitability and asset utilization.
The unanimous bullish sentiment from analysts, coupled with raised price targets, suggests a positive short-term impact on Micron's stock price. The company's strong revenue growth supports this outlook, although concerns about profitability and asset utilization may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100