Micron Technology Stock Target Price and Analyst Consensus

MU Stock  USD 117.89  1.25  1.05%   
The prevalent analyst and expert consensus on Micron Technology is Strong Buy with 23 strong buy estimates. The prevailing projected target price is 73.98 with 38 professional opinions. Some of the most common ways Micron Technology analysts use to provide public buy-or-sell recommendation are financial statements evaluation and conference calls analysis. They also talk to Micron Technology executives, vendors, and customers. Micron Technology buy-or-sell recommendation and consensus module provides average expert sentiment on the projected Micron Technology target price to derive its highest and lowest estimates based on target price volatility of 0.0. Check out Macroaxis Advice on Micron Technology to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.
Lowest Forecast
67.32
Highest Forecast
82.12
Target Price
73.98
Gross Profit is likely to gain to about (1.5 B) in 2024. Pretax Profit Margin is likely to gain to -0.4 in 2024. At this time, Micron Technology's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 1.5 B in 2024, whereas Other Current Assets are likely to drop slightly above 859.6 M in 2024.
  
It's important to approach Micron Technology's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Micron Technology Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Micron target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Micron Technology's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   38  Strong Buy
Most Micron analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Micron stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Micron Technology, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Micron Technology Target Price Projection

Micron Technology's current and average target prices are 117.89 and 73.98, respectively. The current price of Micron Technology is the price at which Micron Technology is currently trading. On the other hand, Micron Technology's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Micron Technology Market Quote on 29th of March 2024

Low Price117.35Odds
High Price119.63Odds

117.89

Target Price

Analyst Consensus On Micron Technology Target Price

Low Estimate67.32Odds
High Estimate82.12Odds

73.98

Historical Lowest Forecast  67.32 Target Price  73.98 Highest Forecast  82.12
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Micron Technology and the information provided on this page.

Micron Technology Analyst Ratings

Micron Technology's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Micron Technology stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Micron Technology's financials, market performance, and future outlook by experienced professionals. Micron Technology's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Micron Technology price targets

Micron Technology's stock target price is an estimate of its future price, usually made by analysts. Using Micron Technology's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Micron Technology's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Micron Technology's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Micron Technology Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Micron Technology is a key component of Micron Technology valuation and have some predictive power on the future returns of a Micron Technology.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Micron Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
115.06117.89120.72
Details
Intrinsic
Valuation
LowRealHigh
106.10122.72125.55
Details
Naive
Forecast
LowNextHigh
122.63125.46128.29
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.410.470.52
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Micron Technology. Your research has to be compared to or analyzed against Micron Technology's peers to derive any actionable benefits. When done correctly, Micron Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Micron Technology.

Trending Themes

If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.
Cleaning Idea
Cleaning
Invested over 100 shares
Macroaxis Index Idea
Macroaxis Index
Invested few shares
When determining whether Micron Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Micron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Micron Technology Stock. Highlighted below are key reports to facilitate an investment decision about Micron Technology Stock:
Check out Macroaxis Advice on Micron Technology to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Micron Technology's price analysis, check to measure Micron Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.
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The data published in Micron Technology's official financial statements usually reflect Micron Technology's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Micron Technology. For example, before you start analyzing numbers published by Micron accountants, it's critical to develop an understanding of what Micron Technology's liquidity, profitability, and earnings quality are in the context of the Semiconductors & Semiconductor Equipment space in which it operates.
Please note, the presentation of Micron Technology's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Micron Technology's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Micron Technology's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Micron Technology. Please utilize our Beneish M Score to check the likelihood of Micron Technology's management manipulating its earnings.