A Closer Look at 24 Analyst Recommendations For Micron Technology
Portfolio Pulse from Benzinga Insights
In the past three months, 24 analysts have provided ratings for Micron Technology (NASDAQ:MU), with a mix of bullish and bearish perspectives. The average 12-month price target has increased slightly to $158.12. Analysts have adjusted their ratings and price targets in response to market conditions, with some lowering and others raising their expectations. Micron's financial performance shows strong revenue growth but challenges in profitability and asset utilization.
September 18, 2024 | 5:01 pm
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Micron Technology has received mixed analyst ratings, with a slight increase in the average price target to $158.12. Analysts have adjusted their ratings and price targets, reflecting varied expectations. Despite strong revenue growth, Micron faces challenges in profitability and asset utilization.
The mixed analyst ratings and slight increase in the average price target suggest a neutral short-term impact on Micron's stock price. While the company shows strong revenue growth, challenges in profitability and asset utilization may offset positive sentiment from analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100