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NASDAQ: MU
Micron Technology Inc Stock Forecast, Predictions & Price Target

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Analyst price target for MU

Based on 26 analysts offering 12 month price targets for Micron Technology Inc.
Min Forecast
$45.00-17.7%
Avg Forecast
$72.42+32.45%
Max Forecast
$135.00+146.89%

Should I buy or sell MU stock?

Based on 27 analysts offering ratings for Micron Technology Inc.
Buy
Strong Buy
12 analysts 44.44%
Buy
9 analysts 33.33%
Hold
4 analysts 14.81%
Sell
0 analysts 0%
Strong Sell
2 analysts 7.41%

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MU stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Mizuho
Top 9%
92
HoldMaintains$50.00-8.56%2022-11-30
UBS
Top 12%
89
Strong BuyMaintains$75.00+37.16%2022-11-17
Needham
Top 4%
97
BuyMaintains$67.00+22.53%2022-11-16
Credit Suisse
Top 2%
99
BuyInitiates Coverage On$78.00+42.65%2022-11-16
Loop Capital
Bottom 47%
47
Strong BuyInitiates Coverage On$70.00+28.02%2022-10-14Find out why
Piper Sandler
Top 9%
92
Strong SellMaintains$45.00-17.70%2022-09-30Find out why
Deutsche Bank
Top 2%
99
Strong BuyMaintains$60.00+9.73%2022-09-30Find out why
Morgan Stanley
Top 15%
86
Strong SellMaintains$49.00-10.39%2022-09-30
BMO Capital
Top 17%
84
BuyMaintains$70.00+28.02%2022-09-30Find out why
Bank of America
Top 10%
91
HoldMaintains$58.00+6.07%2022-09-30Find out why

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Forecast return on equity

Is MU forecast to generate an efficient return?
Company
8.43%
Industry
43.33%
Market
50.61%
MU's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MU forecast to generate an efficient return on assets?
Company
6.35%
Industry
19.59%
MU is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MU earnings per share forecast

What is MU's earnings per share in the next 2 years based on estimates from 8 analysts?
Avg 1 year Forecast
$5.14-34.19%
Avg 2 year Forecast
$3.87-50.45%

MU revenue forecast

What is MU's revenue in the next 2 years based on estimates from 8 analysts?
Avg 1 year Forecast
$26.7B-13.19%
Avg 2 year Forecast
$29.7B-3.32%
MU's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MU revenue growth forecast

How is MU forecast to perform vs Semiconductors companies and vs the US market?
Company
-1.68%
Industry
4.56%
Market
6.54%
MU's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MU's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MU vs Semiconductor Stocks

TickerPricePrice TargetUp/downsideConsensus
MU$54.68$72.42+32.45%Buy
NXPI$171.06$188.33+10.10%Buy
MCHP$77.31$82.94+7.29%Strong Buy
MRVL$44.72$65.91+47.39%Strong Buy
STM$38.67$62.00+60.33%Hold

Micron Technology Stock Forecast FAQ

Is Micron Technology Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 27 Wall Street analysts covering (NASDAQ: MU) stock is to Buy MU stock.

Out of 27 analysts, 12 (44.44%) are recommending MU as a Strong Buy, 9 (33.33%) are recommending MU as a Buy, 4 (14.81%) are recommending MU as a Hold, 0 (0%) are recommending MU as a Sell, and 2 (7.41%) are recommending MU as a Strong Sell.

If you're new to stock investing, here's how to buy Micron Technology stock.

What is MU's earnings growth forecast for 2023-2024?

(NASDAQ: MU) Micron Technology's forecast annual earnings growth rate of N/A is not forecast to beat the US Semiconductors industry's average forecast earnings growth rate of 15.11%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.09%.

Micron Technology's earnings in 2022 is $8,687,000,000.On average, 8 Wall Street analysts forecast MU's earnings for 2023 to be $5,588,046,522, with the lowest MU earnings forecast at $2,380,899,199, and the highest MU earnings forecast at $8,295,096,296.

In 2024, MU is forecast to generate $4,207,342,420 in earnings, with the lowest earnings forecast at $1,772,084,792 and the highest earnings forecast at $6,642,600,048.

What is MU's revenue growth forecast for 2023-2024?

(NASDAQ: MU) Micron Technology's forecast annual revenue growth rate of -1.68% is not forecast to beat the US Semiconductors industry's average forecast revenue growth rate of 4.56%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.54%.

Micron Technology's revenue in 2022 is $30,758,000,000.On average, 8 Wall Street analysts forecast MU's revenue for 2023 to be $29,029,772,307,482, with the lowest MU revenue forecast at $23,209,418,515,524, and the highest MU revenue forecast at $32,263,902,067,368.

In 2024, MU is forecast to generate $32,327,420,979,057 in revenue, with the lowest revenue forecast at $23,107,474,717,402 and the highest revenue forecast at $38,884,758,743,928.

What is MU's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: MU) forecast ROA is 6.35%, which is lower than the forecast US Semiconductors industry average of 19.59%.

What is MU's Price Target?

According to 26 Wall Street analysts that have issued a 1 year MU price target, the average MU price target is $72.42, with the highest MU stock price forecast at $135.00 and the lowest MU stock price forecast at $45.00.

On average, Wall Street analysts predict that Micron Technology's share price could reach $72.42 by Nov 30, 2023. The average Micron Technology stock price prediction forecasts a potential upside of 32.45% from the current MU share price of $54.68.

What is MU's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: MU) Micron Technology's current Earnings Per Share (EPS) is $7.81. On average, analysts forecast that MU's EPS will be $5.14 for 2023, with the lowest EPS forecast at $2.19, and the highest EPS forecast at $7.63. In 2024, MU's EPS is forecast to hit $3.87 (min: $1.63, max: $6.11).

What is MU's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: MU) forecast ROE is 8.43%, which is considered weak.
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