Micron Technology, Inc. (MU)
NASDAQ: MU · IEX Real-Time Price · USD
126.29
-5.29 (-4.02%)
At close: May 30, 2024, 4:00 PM
125.32
-0.97 (-0.77%)
After-hours: May 30, 2024, 6:07 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 128.12, with a low estimate of 80 and a high estimate of 225. The average target predicts an increase of 1.45% from the current stock price of 126.29.
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 10 | 12 | 12 | 11 |
| Buy | 11 | 13 | 13 | 13 | 13 | 14 |
| Hold | 4 | 2 | 2 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 27 | 27 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Sell → Hold Upgrades $98 → $130 | Sell → Hold | Upgrades | $98 → $130 | +2.94% | May 20, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $130 → $150 | Strong Buy | Maintains | $130 → $150 | +18.77% | May 17, 2024 |
| Barclays | Barclays | Buy Maintains $120 → $145 | Buy | Maintains | $120 → $145 | +14.82% | May 13, 2024 |
| Baird | Baird | Hold → Buy Upgrades $115 → $150 | Hold → Buy | Upgrades | $115 → $150 | +18.77% | May 6, 2024 |
| Stifel | Stifel | Strong Buy Maintains $140 | Strong Buy | Maintains | $140 | +10.86% | Apr 12, 2024 |
Financial Forecast
Revenue This Year
25.34B
from 15.54B
Increased by 63.08%
Revenue Next Year
36.51B
from 25.34B
Increased by 44.06%
EPS This Year
0.94
from -5.34
EPS Next Year
8.15
from 0.94
Increased by 770.14%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.6B | 46.2B | 55.4B | 35.9B | 37.2B |
| Avg | 25.3B | 36.5B | 41.1B | 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 | 71.3% | 82.4% | 51.8% | -12.6% | 5.5% |
| Avg | 63.1% | 44.1% | 12.6% | -14.3% | 3.5% |
| Low | 42.0% | 11.9% | -15.6% | -18.4% | -1.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.84 | 13.46 | 18.63 | 6.81 | 8.64 |
| Avg | 0.94 | 8.15 | 10.78 | 6.68 | 8.48 |
| Low | 0.39 | 1.37 | 6.46 | 6.36 | 8.07 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 1,336.5% | 128.4% | -36.8% | 29.3% |
| Avg | - | 770.1% | 32.3% | -38.0% | 26.8% |
| Low | - | 46.4% | -20.8% | -41.0% | 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.