.png "Micron (NASDAQ: MU)")
In a report released today, Eric Ross from Cascend Securities maintained a Buy rating on Micron (MU), with a price target of $65. The company’s shares closed last Monday at $50.29, close to its 52-week high of $51.39.
Ross has an average return of 11.4% when recommending Micron.
According to TipRanks.com, Ross is ranked #4111 out of 5555 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Micron with a $50.52 average price target, implying a 0.7% upside from current levels. In a report issued on September 3, Mizuho Securities also reiterated a Buy rating on the stock with a $50 price target.
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Micron’s market cap is currently $55.36B and has a P/E ratio of 5.88. The company has a Price to Book ratio of 1.57.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral 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 provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU).
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