In a report released today, Joseph Moore from Morgan Stanley maintained a Hold rating on Micron (NASDAQ: MU), with a price target of $48. The company’s shares closed yesterday at $46.06.
According to TipRanks.com, Moore is a 4-star analyst with an average return of 9.7% and a 58.7% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Applied Materials, TE Connectivity, and Western Digital.
Micron has an analyst consensus of Strong Buy, with a price target consensus of $70.67, a 53.4% upside from current levels. In a report issued on September 12, Goldman Sachs also downgraded the stock to Hold with a $50 price target.
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Micron’s market cap is currently $53.43B and has a P/E ratio of 4.63. The company has a Price to Book ratio of 1.87.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock.
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.
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