29 Analysts Have This To Say About Micron Technology
Portfolio Pulse from Benzinga Insights
Micron Technology (NASDAQ:MU) was analyzed by 29 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $96.92, up from $85.29, with a high of $140.00 and a low of $74.75. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Micron's financials indicate a revenue growth of 15.69% as of November 30, 2023, but challenges in profitability and asset utilization with a net margin of -26.11% and ROA of -1.93%.
March 01, 2024 | 3:00 pm
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Micron Technology has received varied analyst ratings, with an updated average 12-month price target of $96.92. The company shows strong revenue growth but faces profitability and asset utilization challenges.
The updated analyst ratings and increased price target suggest a positive outlook for Micron Technology's stock in the short term. However, the financial challenges highlighted, such as low net margin and ROA, could temper investor enthusiasm. The strong revenue growth is a positive sign, but the profitability issues need to be monitored closely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100