Micron Technology Price Target Raised to $19.00 at Sterne Agee (MU)
Analysts at Sterne Agee raised their price objective on shares of Micron Technology (NYSE:MU) from $16.84 to $19.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price objective would indicate a potential upside of 12.83% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Micron Technology (NYSE:MU) in a research note to investors on Monday. Separately, analysts at RBC Capital raised their price target on shares of Micron Technology (NYSE:MU) from $16.00 to $19.00 in a research note to investors on Friday, September 13th. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna upgraded shares of Micron Technology (NYSE:MU) from a “negative” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $14.00 price target on the stock, up previously from $10.00.
One analyst has rated the stock with a sell rating, seventeen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.55.
Micron Technology (NYSE:MU) opened at 16.84 on Wednesday. Micron Technology has a 52 week low of $5.16 and a 52 week high of $16.86. The stock has a 50-day moving average of $14.40 and a 200-day moving average of $12.02. The company’s market cap is $17.488 billion.
In other Micron Technology news, CFO Ronald Foster sold 40,200 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $14.01, for a total transaction of $563,202.00. Following the sale, the chief financial officer now directly owns 813,556 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Micron Technology, Inc, is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
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