Micron Technology, Inc. (MU)
NASDAQ: MU · IEX Real-Time Price · USD
111.83
+0.05 (0.04%)
Apr 25, 2024, 12:09 PM EDT - Market open
Micron Technology Stock Forecast
Stock Price Forecast
The 25 analysts with 12-month price forecasts for Micron Technology stock have an average target of 123.64, with a low estimate of 80 and a high estimate of 225. The average target predicts an increase of 10.57% from the current stock price of 111.83.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 10 | 10 | 10 | 12 | 11 |
| Buy | 11 | 11 | 13 | 13 | 13 | 13 |
| Hold | 5 | 4 | 2 | 2 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 26 | 27 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $140 | Strong Buy | Maintains | $140 | +25.20% | Apr 12, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Maintains $135 → $150 | Buy | Maintains | $135 → $150 | +34.14% | Apr 8, 2024 |
| Keybanc | Keybanc | Buy Maintains $135 → $150 | Buy | Maintains | $135 → $150 | +34.14% | Apr 8, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $150 | Strong Buy | Maintains | $150 | +34.14% | Apr 4, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $120 → $144 | Strong Buy | Maintains | $120 → $144 | +28.77% | Apr 1, 2024 |
Financial Forecast
Revenue This Year
25.25B
from 15.54B
Increased by 62.45%
Revenue Next Year
35.81B
from 25.25B
Increased by 41.86%
EPS This Year
0.86
from -5.34
EPS Next Year
7.74
from 0.86
Increased by 805.41%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.6B | 46.2B | 55.4B | 32.7B | 34.0B |
| Avg | 25.2B | 35.8B | 40.1B | 32.0B | 33.4B |
| Low | 22.1B | 26.8B | 27.8B | 30.5B | 31.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 71.3% | 83.1% | 54.8% | -18.5% | 6.3% |
| Avg | 62.5% | 41.9% | 11.9% | -20.1% | 4.3% |
| Low | 42.0% | 6.2% | -22.4% | -24.0% | -0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.41 | 13.46 | 18.63 | 6.28 | 8.13 |
| Avg | 0.86 | 7.74 | 10.14 | 6.16 | 7.97 |
| Low | 0.39 | 1.37 | 2.54 | 5.86 | 7.59 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 1,473.9% | 140.5% | -38.1% | 31.9% |
| Avg | - | 805.4% | 31.0% | -39.3% | 29.4% |
| Low | - | 60.4% | -67.2% | -42.2% | 23.1% |
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.