Micron Technology Inc. (MU) Stock Forecast & Predictions

Micron Technology Inc. MU: $79.34

8000 S Federal Way, Boise, Idaho, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: www.micron.com

  • Market Cap$88.97B
  • Change (52 Weeks)62.95%
  • Low (52 Weeks)$42.25
  • Micron Technology Inc. (MU) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 25.00% are on Buy, 25.00% on Sell, and 50.00% Neutral.

    According to the market data, Micron Technology Inc. (MU) stock price is $79.34 and the 52 weeks low is $42.25, which means the Micron Technology Inc. stock price is up 62.95% in the last 12 months.

    Micron Technology Inc. (MU) Stock Price has been Trending Strongly with an ADX reading of 30.50 as per the Weekly Chart.

    A Upward trend indicates that Micron Technology Inc. (MU) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 25.00% are indicating that MU Stock price might rise further, 25.00% indicating that MU Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MU stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Micron Technology Inc. (MU) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Micron Technology Inc. (MU) is based on 44 Institutional Analyst Ratings where 59.09% are on Strong Buy, 27.27% on Moderate Buy, 13.64% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 44 Institutional Analysts, majority recommended MU stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Micron Technology Inc..

    Micron Technology Inc. (MU) Stock Price Prediction By Analysts


    HighLowAverage
    $180.60$39.39$118.37
    $118.3749.2% Upside
    Updated: 2021-05-25 00:00:00

    The Average Price target for MU set by the institutional analysts is $118.37 where High Estimate is $180.60, Median $117.3 and Low $39.39.

    The average price target for MU by Institutional Analysts is $118.37, which is 49.2% Upside from the current price. So according to the Institutional Analysts, MU Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Micron Technology Inc. (MU) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 427,502 investor portfolio.

    Our algorithm has analysed 427,502 investor portfolio with MU stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about MU and holding their positions hoping for a further rise in the stock price and more profit.

    Micron Technology Inc. (MU) Stock Forecast Based on News Sentiment


    Bullish
    Based on 22 articles published Last Week, where 75.00% are Bullish and 25.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about MU, it shows that Micron Technology Inc. had a 75.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that MU stock price may surge in the next few weeks.

    Micron Technology Inc. (MU) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    KeybancOverweightMaintained
    SusquehannaPositiveMaintained
    RosenblattBuyMaintained
    RBC CapitalOutperformMaintained
    NeedhamBuyMaintained
    MizuhoBuyMaintained
    Goldman SachsBuyReiterated
    BMO CapitalMarket PerformMaintained
    CitigroupBuyMaintained
    CascendBuyMaintained
    Goldman SachsBuyMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    WedbushNeutralMaintained
    Morgan StanleyOverweightMaintained
    BarclaysOverweightMaintained
    MizuhoBuyMaintained
    CascendBuyMaintained
    RosenblattBuyMaintained
    Raymond JamesStrong BuyMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    Credit SuisseOutperformMaintained
    CitigroupBuyUpgraded
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    CascendBuyMaintained
    Deutsche BankBuyUpgraded
    UBSBuyMaintained
    RBC CapitalOutperformMaintained
    Piper SandlerNeutralMaintained
    NeedhamBuyMaintained
    MizuhoBuyMaintained
    Deutsche BankHoldMaintained
    Cleveland ResearchBuyUpgraded
    Goldman SachsBuyUpgraded
    B of A SecuritiesBuyMaintained
    Deutsche BankHoldDowngraded
    RBC CapitalOutperformMaintained
    Raymond JamesStrong BuyReiterated
    Piper SandlerNeutralMaintained
    Nomura InstinetNeutralMaintained
    NeedhamBuyMaintained
    MizuhoBuyMaintained
    KeyBancOverweightMaintained
    BMO CapitalMarket PerformDowngraded
    Wells FargoOverweightMaintained
    Morgan StanleyOverweightMaintained
    UBSBuyMaintained
    Goldman SachsNeutralDowngraded
    Wells FargoOverweightMaintained
    Raymond JamesStrong BuyMaintained
    NeedhamBuyMaintained
    MizuhoBuyMaintained
    Deutsche BankBuyMaintained
    CitigroupSellMaintained
    BarclaysOverweightMaintained
    B of A SecuritiesBuyUpgraded
    KeyBancOverweightMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyOverweightMaintained
    BairdNeutralUpgraded
    B of A SecuritiesUnderperformDowngraded
    UBSBuyUpgraded
    Raymond JamesStrong BuyUpgraded
    CascendBuyReiterated
    Morgan StanleyOverweightUpgraded
    Longbow ResearchBuyMaintained
    Cleveland ResearchBuyUpgraded
    Cowen & Co.OutperformUpgraded
    Wells FargoOverweightMaintained
    RosenblattBuyMaintained
    NomuraNeutralMaintained
    MizuhoBuyMaintained
    KeyBancOverweightMaintained
    Goldman SachsBuyReiterated
    Deutsche BankBuyReiterated
    CitigroupSellMaintained
    BairdUnderperformMaintained
    WedbushOutperformUpgraded
    NeedhamBuyMaintained
    SusquehannaPositiveUpgraded
    Morgan StanleyEqual-WeightMaintained
    GF SecuritiesAccumulateInitiated
    WedbushNeutralMaintained
    NomuraNeutralMaintained
    KeyBancOverweightMaintained
    CitigroupSellMaintained
    BairdUnderperformMaintained
    BMO CapitalOutperformMaintained
    JP MorganOverweightReiterated
    CascendBuyReiterated
    Wells FargoOutperformMaintained
    Longbow ResearchBuyUpgraded
    KeyBancOverweightMaintained
    MizuhoBuyMaintained
    Morgan StanleyEqual-WeightUpgraded
    Goldman SachsBuyUpgraded
    BarclaysOverweightMaintained
    WedbushNeutralInitiated
    NeedhamBuyUpgraded
    Morgan StanleyUnderweightMaintained
    KeyBancOverweightMaintained
    BarclaysOverweightMaintained
    NomuraNeutralMaintained
    KeyBancOverweightMaintained
    Deutsche BankBuyMaintained
    NomuraNeutralInitiated
    Cowen & Co.Market PerformDowngraded
    Morgan StanleyUnderweightDowngraded
    Summit Insights GroupBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    KeyBancOverweightMaintained
    CitigroupSellDowngraded
    MizuhoBuyMaintained
    BMO CapitalOutperformUpgraded
    Wells FargoOutperformMaintained
    RBC CapitalSector PerformDowngraded
    Morgan StanleyEqual-WeightMaintained
    MKM PartnersBuyMaintained
    KeyBancOverweightMaintained
    Deutsche BankBuyMaintained
    BarclaysOverweightMaintained
    KeyBancOverweightMaintained
    CitigroupNeutralMaintained
    UBSNeutralMaintained
    BairdUnderperformDowngraded
    SusquehannaNeutralDowngraded
    BarclaysOverweightMaintained
    Stifel NicolausBuyMaintained
    NomuraBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    BMO CapitalMarket PerformMaintained
    MacquarieOutperformMaintained
    Goldman SachsNeutralDowngraded
    UBSNeutralUpgraded
    BenchmarkBuyInitiated
    Stifel NicolausBuyMaintained
    JP MorganOverweightMaintained
    Credit SuisseOutperformMaintained
    Cowen & Co.OutperformMaintained
    Morgan StanleyEqual-WeightDowngraded
    Stifel NicolausBuyMaintained
    KeyBancOverweightMaintained
    JP MorganOverweightMaintained
    Deutsche BankBuyMaintained
    Credit SuisseOutperformMaintained
    RBC CapitalOutperformInitiated
    UBSSellInitiated
    ArgusBuyMaintained
    Wells FargoOutperformMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    JP MorganOverweightMaintained
    Deutsche BankBuyMaintained
    BMO CapitalMarket PerformMaintained
    Credit SuisseOutperformMaintained
    Deutsche BankBuyMaintained
    KeyBancOverweightMaintained
    Stifel NicolausBuyMaintained
    NeedhamStrong BuyUpgraded
    Morgan StanleyOverweightMaintained
    KeyBancOverweightUpgraded
    Standpoint ResearchHoldDowngraded
    UBSBuyMaintained
    NomuraBuyMaintained
    Loop CapitalBuyMaintained
    BarclaysOverweightMaintained
    BMO CapitalMarket PerformInitiated
    NomuraBuyMaintained
    Wells FargoOutperformMaintained
    Morgan StanleyOverweightMaintained
    Credit SuisseOutperformMaintained
    Loop CapitalBuyMaintained
    Goldman SachsBuyUpgraded
    Stifel NicolausBuyMaintained
    SusquehannaPositiveMaintained
    Morgan StanleyOverweightMaintained
    Deutsche BankBuyMaintained
    Standpoint ResearchReduceDowngraded
    Goldman SachsNeutralDowngraded
    MacquarieOutperformInitiated
    Deutsche BankBuyReiterated
    NeedhamBuyMaintained
    Goldman SachsBuyUpgraded
    Bank of AmericaBuyUpgraded
    Summit Redstone PartnersBuyUpgraded
    Loop CapitalBuyInitiated
    Standpoint ResearchBuyUpgraded
    CitigroupBuyInitiated
    NomuraBuyMaintained
    Deutsche BankBuyMaintained
    BairdOutperformMaintained
    Morgan StanleyOverweightMaintained
    Goldman SachsNeutralMaintained
    Deutsche BankBuyMaintained
    Credit SuisseOutperformMaintained
    Brean CapitalBuyMaintained
    BarclaysOutperformMaintained
    BairdOutperformMaintained
    BarclaysOverweightMaintained
    NomuraBuyMaintained
    Cleveland ResearchBuyUpgraded
    Goldman SachsNeutralMaintained
    Morgan StanleyOverweightMaintained
    Standpoint ResearchHoldDowngraded
    NomuraBuyMaintained
    Brean CapitalBuyMaintained
    UBSBuyMaintained
    SusquehannaPositiveUpgraded
    NomuraBuyUpgraded
    Goldman SachsNeutralMaintained
    BairdOutperformUpgraded
    BernsteinMarket PerformMaintained
    Raymond JamesStrong BuyUpgraded
    Brean CapitalBuyInitiated
    UBSBuyMaintained
    Pacific CrestOverweightMaintained
    MacquarieNeutralDowngraded
    JP MorganOverweightMaintained
    Goldman SachsNeutralMaintained
    Evercore ISI GroupBuyMaintained
    BernsteinMarket PerformDowngraded
    BarclaysOverweightMaintained
    NeedhamUnderperformDowngraded
    BarclaysOverweightMaintained
    UBSBuyMaintained
    Deutsche BankBuyMaintained
    SusquehannaNeutralDowngraded
    NomuraReduceDowngraded
    NomuraNeutralMaintained
    MizuhoBuyUpgraded
    MacquarieOutperformMaintained
    Goldman SachsNeutralUpgraded
    Deutsche BankBuyMaintained
    Raymond JamesOutperformDowngraded
    Pacific CrestOutperformMaintained
    MacquarieOutperformMaintained
    Morgan StanleyOverweightUpgraded
    MKM PartnersBuyMaintained
    Bank of AmericaUnderperformDowngraded
    Pacific CrestOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    JefferiesBuyMaintained
    Deutsche BankBuyMaintained
    Credit SuisseOutperformMaintained
    Wells FargoOutperformUpgraded
    WedbushNeutralMaintained
    BarclaysOverweightInitiated
    MKM PartnersBuyUpgraded
    MizuhoNeutralMaintained
    SusquehannaPositiveMaintained
    BairdNeutralDowngraded
    Wells FargoMarket PerformUpgraded
    WedbushNeutralDowngraded
    UBSBuyMaintained
    TopekaBuyMaintained
    PiperJaffrayOverweightMaintained
    Drexel HamiltonHoldDowngraded
    BuyUpgraded
    Morgan StanleyEqual-WeightUpgraded
    Standpoint ResearchBuyInitiated
    MizuhoNeutralDowngraded
    Stifel NicolausBuyMaintained
    Morgan StanleyUnderweightMaintained
    JefferiesBuyMaintained
    Deutsche BankBuyMaintained
    Credit SuisseOutperformMaintained
    BernsteinOutperformMaintained
    Goldman SachsSellDowngraded
    Cowen & Co.OutperformInitiated
    TopekaBuyUpgraded
    SusquehannaPositiveMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyUnderweightDowngraded
    Pacific CrestOverweightMaintained
    Drexel HamiltonSellDowngraded
    MizuhoBuyInitiated
    JMP SecuritiesMarket OutperformMaintained
    Drexel HamiltonHoldDowngraded
    Stifel NicolausBuyMaintained
    JP MorganOverweightMaintained
    Deutsche BankBuyMaintained
    MKM PartnersNeutralInitiated
    JefferiesBuyMaintained
    RBC CapitalOutperformMaintained
    NomuraNeutralDowngraded
    MacquarieOutperformUpgraded
    JefferiesBuyMaintained
    SusquehannaNeutralUpgraded
    NomuraBuyMaintained
    Pacific CrestOutperformUpgraded
    Ladenburg ThalmannNeutralInitiated
    Stifel NicolausBuyMaintained
    MacquarieNeutralMaintained
    NeedhamStrong BuyUpgraded
    JP MorganNeutralMaintained
    JefferiesBuyMaintained
    Raymond JamesStrong BuyMaintained
    BairdOutperformUpgraded
    NomuraBuyMaintained
    Credit SuisseOutperformMaintained
    Bank of AmericaBuyUpgraded
    RBC CapitalOutperformUpgraded
    ISI GroupStrong BuyInitiated
    JMP SecuritiesMarket OutperformUpgraded
    Argus CapitalBuyInitiated
    Stifel NicolausBuyMaintained
    RBC CapitalSector PerformDowngraded
    Bank of AmericaUnderperformDowngraded
    NomuraBuyUpgraded
    NeedhamBuyInitiated
    BernsteinOutperformMaintained
    Bank of AmericaNeutralDowngraded
    Drexel HamiltonBuyInitiated
    Wells FargoUnderperformDowngraded
    PiperJaffrayOverweightMaintained
    Credit SuisseOutperformMaintained
    NomuraNeutralMaintained
    Stifel NicolausBuyMaintained
    WedbushOutperformMaintained
    SusquehannaNeutralUpgraded
    BairdNeutralDowngraded
    Stifel NicolausBuyMaintained
    NomuraNeutralMaintained
    WedbushOutperformMaintained
    Stifel NicolausBuyMaintained
    Sterne AgeeBuyMaintained
    PiperJaffrayOverweightMaintained
    NomuraNeutralMaintained
    JP MorganNeutralMaintained
    JefferiesBuyMaintained
    JefferiesBuyMaintained
    Credit SuisseOutperformMaintained
    Bank of AmericaBuyMaintained
    NomuraNeutralMaintained
    Wells FargoMarket PerformDowngraded
    Stifel NicolausBuyMaintained
    MKM PartnersNeutralDowngraded
    JMP SecuritiesMarket PerformDowngraded
    TopekaHoldInitiated
    Credit AgricoleUnderperformDowngraded
    Morgan StanleyEqual-WeightInitiated
    UBSBuyMaintained
    Stifel NicolausBuyMaintained
    PiperJaffrayOverweightMaintained
    NomuraNeutralMaintained
    JP MorganNeutralMaintained
    JefferiesBuyMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    Bank of AmericaBuyMaintained
    WedbushOutperformMaintained
    SusquehannaNegativeDowngraded
    Sterne AgeeBuyMaintained
    Bank of AmericaBuyMaintained
    Stifel NicolausBuyMaintained
    LazardNeutralDowngraded
    NomuraNeutralMaintained
    WedbushOutperformMaintained
    BarclaysOverweightMaintained
    Stifel NicolausBuyDowngraded
    Credit AgricoleOutperformDowngraded
    CitigroupBuyMaintained
    Drexel HamiltonBuyUpgraded
    Cross ResearchBuyInitiated
    PiperJaffrayOverweightMaintained
    NomuraNeutralMaintained
    JP MorganNeutralMaintained
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    Stifel NicolausBuyMaintained
    Sterne AgeeBuyMaintained
    Deutsche BankHoldMaintained
    ThinkEquityBuyInitiated
    OppenheimerPerformDowngraded
    CitigroupBuyMaintained
    WedbushOutperformMaintained
    PiperJaffrayOverweightMaintained
    OppenheimerOutperformMaintained
    Goldman SachsNeutralMaintained

    Micron Technology Inc. (MU) Stock Earning Per Share (EPS) Forecast / Estimate


    $2.225
    The average consensus EPS for MU is $2.225 with a high estimate of $2.635 and Low of $1.764 for the period 2021-09-30 and based on 32 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.98$2.239222021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.97508042021-09-30
    $0.98$2.239222021-06-30
    $0.78$0.73147509999999992021-03-31
    $1.08$1.01804172020-12-31
    $0.82$0.79811612020-09-30
    $0.45$0.376506199999999962020-06-30
    $0.48$0.48707672020-03-31
    $0.56$0.50177482019-12-31
    $1.05$0.81235072019-09-30
    $1.71$1.72037812019-06-30
    $2.97$3.04393842019-03-31
    $3.53$3.43679072018-12-31
    $3.15$3.23671322018-09-30
    $2.82$2.81555652018-06-30
    $2.45$2.27737122018-03-31
    $2.02$1.88987492017-12-31
    $1.62$1.55195252017-09-30
    $0.9$0.88471852017-06-30
    $0.32$0.29082052017-03-31
    $-0.05$-0.1251452016-12-31
    $-0.08$-0.0971292016-09-30
    $-0.05$-0.08543852016-06-30
    $0.24$0.235097500000000012016-03-31
    $0.37$0.33078452015-12-31
    $0.54$0.57939562015-09-30
    $0.81$0.74766672015-06-30
    $0.97$0.94836222015-03-31
    $0.82$0.83782260000000012014-12-31
    $0.79$0.71790999999999992014-09-30
    $0.85$0.78213052014-06-30
    $0.72$0.458823800000000062014-03-31
    $0.2$0.254904400000000032013-12-31
    $0.04$0.0239063000000000022013-09-30
    $-0.28$-0.199016600000000022013-06-30
    $-0.27$-0.20644292013-03-31
    $-0.24$-0.24128782012-12-31
    $-0.32$-0.204856700000000032012-09-30
    $-0.29$-0.19140492012-06-30
    $-0.19$-0.08468662012-03-31
    $-0.14$0.00950692011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).