Micron Technology PT Raised to $14.00 at Credit Suisse (MU)
Investment analysts at Credit Suisse lifted their target price on shares of Micron Technology (NASDAQ: MU) from $8.00 to $14.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock.
Micron Technology (NASDAQ: MU) traded up 10.69% on Friday, hitting $10.04. Micron Technology has a 1-year low of $5.16 and a 1-year high of $9.75. The stock’s 50-day moving average is currently $8.39. The company’s market cap is $10.259 billion.
A number of other firms have also recently commented on MU. Analysts at Wedbush raised their price target on shares of Micron Technology from $10.00 to $11.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Susquehanna downgraded shares of Micron Technology from a “neutral” rating to a “negative” rating in a research note to investors on Monday. They now have a $7.00 price target on the stock, down previously from $8.00. Finally, analysts at Sterne Agee raised their price target on shares of Micron Technology from $10.00 to $11.00 in a research note to investors on Thursday, March 14th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.75.
Micron Technology, Inc., is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
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