Micron Technology Stock Target Price and Analyst Consensus

MU Stock  USD 111.93  4.40  3.78%   
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.
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
107.76110.81113.86
Details
Intrinsic
Valuation
LowRealHigh
97.39100.44123.12
Details
Naive
Forecast
LowNextHigh
99.51102.56105.60
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.440.470.56
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.
Momentum Idea
Momentum
Invested over 70 shares
Manufacturing Idea
Manufacturing
Invested over 40 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Micron Stock analysis

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.