Micron Technology, Inc. (MU)
NASDAQ: MU · Real-Time Price · USD
109.88
+14.11 (14.73%)
At close: Sep 26, 2024, 4:00 PM
109.57
-0.31 (-0.28%)
After-hours: Sep 26, 2024, 6:22 PM EDT
Micron Technology Stock Forecast
Stock Price Forecast
The 25 analysts with 12-month price forecasts for Micron Technology stock have an average target of 148.76, with a low estimate of 90 and a high estimate of 250. The average target predicts an increase of 35.38% from the current stock price of 109.88.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MU stock from 26 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 12 | 11 | 11 | 10 | 10 | 11 |
| Buy | 13 | 14 | 14 | 14 | 14 | 14 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 27 | 26 | 26 | 25 | 25 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Rosenblatt | Rosenblatt | Strong Buy Maintains $225 → $250 | Strong Buy | Maintains | $225 → $250 | +127.52% | Sep 26, 2024 |
| Raymond James | Raymond James | Buy Maintains $125 → $140 | Buy | Maintains | $125 → $140 | +27.41% | Sep 26, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $110 → $125 | Strong Buy | Maintains | $110 → $125 | +13.76% | Sep 26, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $115 → $135 | Strong Buy | Maintains | $115 → $135 | +22.86% | Sep 26, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $100 → $114 | Hold | Maintains | $100 → $114 | +3.75% | Sep 26, 2024 |
Financial Forecast
Revenue This Year
25.82B
from 15.54B
Increased by 66.12%
Revenue Next Year
39.70B
from 25.82B
Increased by 53.80%
EPS This Year
1.26
from -5.34
EPS Next Year
9.71
from 1.26
Increased by 671.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.0B | 45.9B | 56.3B | ||
| Avg | 25.8B | 39.7B | 46.4B | ||
| Low | 24.4B | 32.6B | 35.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 73.7% | 77.9% | 41.9% | ||
| Avg | 66.1% | 53.8% | 16.8% | ||
| Low | 57.2% | 26.4% | -9.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.51 | 15.75 | 19.47 | ||
| Avg | 1.26 | 9.71 | 13.60 | ||
| Low | 0.91 | 5.88 | 7.54 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 1,151.2% | 100.6% | ||
| Avg | - | 671.0% | 40.1% | ||
| Low | - | 367.1% | -22.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.