Micron Technology ( MU ) underwent analysis by 29 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

	Bullish	Somewhat Bullish	Indifferent	Somewhat Bearish	Bearish
Total Ratings	13	13	2	1	0
Last 30D	1	0	0	0	0
1M Ago	0	0	0	0	0
2M Ago	0	4	0	0	0
3M Ago	12	9	2	1	0

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $96.92, a high estimate of $140.00, and a low estimate of $74.75. Observing a 13.64% increase, the current average has risen from the previous average price target of $85.29.

Deciphering Analyst Ratings: An In-Depth Analysis

The standing of Micron Technology ( MU ) among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst	Analyst Firm	Action Taken	Rating	Current Price Target	Prior Price Target
Vijay Rakesh	Mizuho	Raises	Buy	$105.00	$100.00
C J Muse	Cantor Fitzgerald	Announces	Overweight	$100.00	-
Srini Pajjuri	Raymond James	Raises	Outperform	$100.00	$90.00
John Vinh	Keybanc	Raises	Overweight	$115.00	$100.00
Harsh Kumar	Piper Sandler	Raises	Overweight	$95.00	$70.00
C Muse	Evercore ISI Group	Raises	Outperform	$100.00	$90.00
Aaron Rakers	Wells Fargo	Raises	Overweight	$95.00	$82.00
Srini Pajjuri	Raymond James	Raises	Outperform	$90.00	$82.00
Matt Bryson	Wedbush	Maintains	Outperform	$95.00	-
Hans Mosesmann	Rosenblatt	Raises	Buy	$140.00	$100.00
Vivek Arya	B of A Securities	Raises	Buy	$100.00	$95.00
Brian Chin	Stifel	Raises	Hold	$80.00	$76.00
Timothy Arcuri	UBS	Raises	Buy	$95.00	$90.00
Joseph Moore	Morgan Stanley	Raises	Underweight	$74.75	$71.50
Harlan Sur	JP Morgan	Raises	Overweight	$105.00	$90.00
Christopher Danely	Citigroup	Raises	Buy	$95.00	$88.00
Quinn Bolton	Needham	Raises	Buy	$100.00	$85.00
Sidney Ho	Deutsche Bank	Raises	Buy	$90.00	$85.00
Vijay Rakesh	Mizuho	Raises	Buy	$95.00	$86.00
Toshiya Hari	Goldman Sachs	Raises	Buy	$97.00	$85.00
Tom O'Malley	Barclays	Raises	Overweight	$95.00	$85.00
John Vinh	Keybanc	Raises	Overweight	$100.00	$90.00
Hans Mosesmann	Rosenblatt	Maintains	Buy	$100.00	-
Ambrish Srivastava	BMO Capital	Raises	Outperform	$90.00	$80.00
Mehdi Hosseini	Susquehanna	Raises	Positive	$112.00	$90.00
Brian Chin	Stifel	Raises	Hold	$76.00	$72.00
Vivek Arya	B of A Securities	Raises	Buy	$95.00	$77.00
Timothy Arcuri	UBS	Raises	Buy	$90.00	$76.00
Vijay Rakesh	Mizuho	Raises	Buy	$86.00	$82.00

Key Insights:

Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Micron Technology ( MU ). This information offers a snapshot of how analysts perceive the current state of the company.Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Micron Technology ( MU ) compared to the broader market.Price Targets: Delving into movements, analysts provide estimates for the future value of Micron Technology's ( MU ) stock. This analysis reveals shifts in analysts' expectations over time.Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Micron Technology's ( MU ) market standing. Stay informed and make well-considered decisions with our Ratings Table.

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Get to Know Micron Technology Better

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

Financial Insights: Micron Technology

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Over the 3 months period, Micron Technology ( MU ) showcased positive performance, achieving a revenue growth rate of 15.69% as of 30 November, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Micron Technology's ( MU ) net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -26.11%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Micron Technology's ( MU ) ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.84%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.93%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Micron Technology's ( MU ) debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.33.

The Basics of Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.