Assessing Micron Technology: Insights From 26 Financial Analysts
Portfolio Pulse from Benzinga Insights
Micron Technology (NASDAQ:MU) has received diverse ratings from 26 analysts over the past three months, with a majority being somewhat bullish. The average 12-month price target has increased by 13.04% to $169.65. Despite positive revenue growth, Micron faces challenges with below-average net margin, ROE, and ROA.
August 22, 2024 | 2:00 pm
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Micron Technology has received mixed analyst ratings, with a majority being somewhat bullish. The average price target has increased by 13.04% to $169.65. Despite strong revenue growth, the company faces challenges with below-average net margin, ROE, and ROA.
The increase in the average price target and the majority of somewhat bullish ratings suggest a positive short-term outlook for Micron's stock. However, the company's financial challenges, such as low net margin, ROE, and ROA, may temper the optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100