Micron Technology, Inc. (MU)
NASDAQ: MU · IEX Real-Time Price · USD
132.59
+1.07 (0.81%)
At close: Jul 2, 2024, 4:00 PM
132.60
+0.01 (0.01%)
After-hours: Jul 2, 2024, 7:59 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 155.72, with a low estimate of 80 and a high estimate of 225. The average target predicts an increase of 17.44% from the current stock price of 132.59.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 12 | 12 | 11 | 11 |
| Buy | 13 | 13 | 13 | 13 | 14 | 14 |
| Hold | 2 | 2 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 27 | 27 | 26 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $155 → $153 | Strong Buy | Maintains | $155 → $153 | +15.39% | Jun 27, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $130 → $180 | Buy | Maintains | $130 → $180 | +35.76% | Jun 27, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $138 → $158 | Strong Buy | Maintains | $138 → $158 | +19.16% | Jun 27, 2024 |
| Wedbush | Wedbush | Buy Reiterates $170 | Buy | Reiterates | $170 | +28.21% | Jun 27, 2024 |
| Piper Sandler | Piper Sandler | Buy Reiterates $130 → $150 | Buy | Reiterates | $130 → $150 | +13.13% | Jun 27, 2024 |
Financial Forecast
Revenue This Year
25.41B
from 15.54B
Increased by 63.52%
Revenue Next Year
37.17B
from 25.41B
Increased by 46.28%
EPS This Year
0.97
from -5.34
EPS Next Year
8.70
from 0.97
Increased by 794.11%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.8B | 47.8B | 55.4B | 35.9B | 37.2B |
| Avg | 25.4B | 37.2B | 42.0B | 35.2B | 36.5B |
| Low | 22.1B | 28.4B | 30.8B | 33.5B | 34.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 72.5% | 88.0% | 49.1% | -14.4% | 5.5% |
| Avg | 63.5% | 46.3% | 13.0% | -16.1% | 3.5% |
| Low | 42.0% | 11.6% | -17.1% | -20.1% | -1.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.84 | 14.91 | 19.50 | 6.81 | 8.64 |
| Avg | 0.97 | 8.70 | 11.96 | 6.68 | 8.48 |
| Low | 0.39 | 5.30 | 6.46 | 6.36 | 8.07 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 1,432.5% | 124.1% | -43.0% | 29.3% |
| Avg | - | 794.1% | 37.5% | -44.1% | 26.8% |
| Low | - | 444.9% | -25.8% | -46.8% | 20.7% |
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.