Wall Street is positive on Micron Technology Inc (MU). On average, analysts give MU a Strong Buy rating. The average price target is $65,826, which means analysts expect the stock to rise 14.66% over the next 12 months.This average rank has earned MU an analyst rating of 47, outperforming 47% of stocks based on the investment observer.
Why are analyst ratings important?
Basic research on a company’s underlying health can be a very useful resource when making investment decisions. Analysts look at companies’ growth prospects and forecast earnings to gain a comprehensive understanding of a particular industry. The data allows traders to react before the numbers are officially reported.
investment observer Ratings are taken from these analysts and percentile rankings are performed on these averages. This allows you to compare stocks more broadly and in more detail than ordinary buy/hold/sell ratings.
What happened to Micron Technology stock today?
Shares of Micron Technology, Inc. (MU) were trading at $57.41 as of 10:15 am on Friday, January 20, up $1.04, or 1.85%, from their previous close of $56.36. So far, the stock has been trading between $57.11 and $57.61. Today’s trading volume is not as active as usual. So far, 2,440,011 shares have traded against an average volume of 15,762,505 shares. Click here for a full share report on Micron Technology Inc stock.
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