.png "Micron (NASDAQ: MU)")
In a report released today, John Pitzer from Credit Suisse maintained a Buy rating on Micron (NASDAQ: MU), with a price target of $90. The company’s shares closed yesterday at $58.95, close to its 52-week high of $64.66.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 22.7% and a 75.3% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Analog Devices.
Currently, the analyst consensus on Micron is Moderate Buy and the average price target is $79.81, representing a 35.4% upside.
In a report issued on June 12, RBC Capital also maintained a Buy rating on the stock with a $80 price target.
See today’s analyst top recommended stocks >>
Micron’s market cap is currently $68.26B and has a P/E ratio of 7.15. The company has a Price to Book ratio of 2.66.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Last month, Steven Thorsen, the SVP WW Sales of MU sold 28,089 shares for a total of $1,359,508.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Micron Technology, Inc. engages in the designs and building of semiconductor memory and storage technologies. It operates through the following segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.
Read More on MU:
