Micron Technology Price Target Raised to $16.00 at Nomura (MU)
Analysts at Nomura lifted their target price on shares of Micron Technology (NYSE:MU) from $14.00 to $16.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Nomura’s target price indicates a potential downside of 8.41% from the company’s current price.
A number of other firms have also recently commented on MU. Analysts at Stifel Nicolaus raised their price target on shares of Micron Technology (NYSE:MU) from $20.00 to $24.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Micron Technology (NYSE:MU) in a research note to investors on Thursday. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Micron Technology (NYSE:MU) in a research note to investors on Thursday. They now have a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.15.
Micron Technology (NYSE:MU) traded down 0.86% during mid-day trading on Monday, hitting $17.469. 30,078,834 shares of the company’s stock traded hands. Micron Technology has a 1-year low of $5.16 and a 1-year high of $17.95. The stock has a 50-day moving average of $15.23 and a 200-day moving average of $12.45. The company’s market cap is $18.141 billion.
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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