Micron Technology Receives ‘Moderate Buy’ Analyst ConsensusMicron Technology Receives ‘Moderate Buy’ Analyst Consensus MarketBeat reports that Micron Technology, Inc. (MU) has received an analyst consensus recommendation of “Moderate Buy.” This recommendation is based on the opinions of four analysts, with one recommending a “Buy,” two suggesting a “Hold,” and one advising a “Sell.” Analyst Price Targets Analysts have set a 12-month price target range for MU between $55.00 and $70.00, with a median target of $63.50. The current share price is approximately $58.50. Analyst Comments * Bank of America (Buy): Analyst Vivek Arya believes MU’s NAND expansion in Singapore and its focus on data center demand will drive growth in 2023. * Wells Fargo (Hold): Analyst Aaron Rakers remains cautious due to near-term demand headwinds but acknowledges MU’s long-term potential. * Cowen (Hold): Analyst Matthew Ramsay expects MU to benefit from 5G and cloud computing trends but sees some margin pressure in the near term. * Credit Suisse (Sell): Analyst John Pitzer cites concerns over inventory overhang and a potential recession as reasons for his bearish stance. Implications for Investors The “Moderate Buy” consensus recommendation suggests that analysts are generally positive on MU’s long-term prospects. However, the wide range of price targets and mixed comments indicate varying levels of confidence about the near-term outlook. Investors considering MU should carefully consider the analyst opinions and assess their own risk tolerance and investment goals before making a decision. It is important to note that stock recommendations can change over time and should not be taken as the sole basis for investment decisions.
Micron Technology, Inc. (NASDAQ:MU) receives analyst consensus recommendation of “Moderate Buy”MarketBeat
