Credit Suisse analyst John Pitzer maintained a Buy rating on Micron (MU) on February 20 and set a price target of $90.00. The company’s shares closed last Monday at $56.99, close to its 52-week high of $61.19.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 22.1% and a 73.1% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Applied Materials, and Brooks Automation.
Micron has an analyst consensus of Strong Buy, with a price target consensus of $66.96, implying a 14.2% upside from current levels. In a report issued on February 6, Raymond James also upgraded the stock to Buy with a $70.00 price target.
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The company has a one-year high of $61.19 and a one-year low of $32.14. Currently, Micron has an average volume of 21.81M.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year. Last month, Joel Poppen, the SVP, Legal Affairs, General of MU sold 20,000 shares for a total of $1,139,200.
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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