Micron Technology PT Raised to $30.00 at Citigroup Inc. (MU)
Investment analysts at Citigroup Inc. lifted their price target on shares of Micron Technology (NYSE:MU) from $19.00 to $30.00 in a note issued to investors on Monday, Analyst Ratings.Net reports. Citigroup Inc.’s price objective would indicate a potential upside of 62.43% from the company’s current price.
Shares of Micron Technology (NYSE:MU) opened at 18.47 on Monday. Micron Technology has a 52 week low of $5.16 and a 52 week high of $18.55. The stock has a 50-day moving average of $15.73 and a 200-day moving average of $12.76. The company’s market cap is $19.181 billion. Micron Technology also was the target of some unusual options trading on Friday. Stock traders bought 91,075 call options on the company. This is an increase of 108% compared to the average daily volume of 43,821 call options.
A number of other firms have also recently commented on MU. Analysts at TheStreet upgraded shares of Micron Technology to a “buy” rating in a research note to investors on Friday. Separately, analysts at Credit Suisse raised their price target on shares of Micron Technology from $20.00 to $25.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Micron Technology from $14.00 to $16.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.76.
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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