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

Analyst price target for MU

Based on 20 analysts offering 12 month price targets for Micron Technology Inc.
Min Forecast
$58.00-29.65%
Avg Forecast
$105.65+28.14%
Max Forecast
$165.00+100.12%

Should I buy or sell MU stock?

Based on 21 analysts offering ratings for Micron Technology Inc.
Strong Buy
Strong Buy
13 analysts 61.9%
Buy
4 analysts 19.05%
Hold
3 analysts 14.29%
Sell
1 analysts 4.76%
Strong Sell
0 analysts 0%

MU stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Mizuho
Top 1%
100
Strong BuyUpgrades$95.00+15.22%2021-11-23Find out why
Bernstein
Top 40%
61
SellInitiates Coverage On$58.00-29.65%2021-10-25
Goldman Sachs
Top 21%
80
Strong BuyMaintains$88.00+6.73%2021-10-15Find out why
UBS
Top 6%
95
Strong BuyMaintains$90.00+9.16%2021-09-29
Susquehanna
Top 29%
72
Strong BuyMaintains$125.00+51.61%2021-09-29
Deutsche Bank
Top 1%
100
Strong BuyMaintains$90.00+9.16%2021-09-29
Barclays
Top 11%
90
Strong BuyMaintains$87.00+5.52%2021-09-29
Raymond James
Top 1%
100
Strong BuyMaintains$100.00+21.29%2021-09-27
Citigroup
Top 9%
92
Strong BuyMaintains$120.00+45.54%2021-09-27
JP Morgan
Top 32%
69
Strong BuyMaintains$100.00+21.29%2021-09-24

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Forecast return on equity

Is MU forecast to generate an efficient return?
Company
N/A
Industry
72.52%
Market
37.06%

Forecast return on assets

Is MU forecast to generate an efficient return on assets?
Company
N/A
Industry
45.25%

MU earnings per share forecast

What is MU's earnings per share in the next 2 years based on estimates from 5 analysts?
Avg 1 year Forecast
$11.77+125.05%
Avg 2 year Forecast
$11.38+117.59%

MU revenue forecast

What is MU's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$31.3B+13.13%
Avg 2 year Forecast
$35.6B+28.5%
Avg 3 year Forecast
$32.5B+17.45%
MU's revenue is forecast to grow at a rate of 12.89% per year, which is not exceptional
Forecast

MU revenue growth forecast

How is MU forecast to perform vs Semiconductors companies and vs the US market?
Company
12.89%
Industry
11.95%
Market
10.03%
MU's revenues are forecast to grow faster (12.89% per year) than the US Semiconductors industry average (11.95%)
Forecast
MU's revenues are forecast to grow faster (12.89% per year) than the US market average (10.03%)
Forecast

Micron Technology Stock Forecast FAQ

Is Micron Technology Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 21 Wall Street analysts covering (NASDAQ: MU) stock is to Strong Buy MU stock.

Out of 21 analysts, 13 (61.9%) are recommending MU as a Strong Buy, 4 (19.05%) are recommending MU as a Buy, 3 (14.29%) are recommending MU as a Hold, 1 (4.76%) are recommending MU as a Sell, and 0 (0%) are recommending MU as a Strong Sell.

What is MU's earnings growth forecast for 2022-2023?

(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 8.27%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Micron Technology's earnings in 2021 is $5,861,000,000.On average, 5 Wall Street analysts forecast MU's earnings for 2022 to be $13,166,201,396, with the lowest MU earnings forecast at $10,817,091,546, and the highest MU earnings forecast at $14,788,205,816.

In 2023, MU is forecast to generate $12,729,938,138 in earnings, with the lowest earnings forecast at $12,729,938,138 and the highest earnings forecast at $12,729,938,138.

What is MU's revenue growth forecast for 2022-2024?

(NASDAQ: MU) Micron Technology's forecast annual revenue growth rate of 12.89% is forecast to beat the US Semiconductors industry's average forecast revenue growth rate of 11.95%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 10.03%.

Micron Technology's revenue in 2021 is $27,705,000,000.On average, 7 Wall Street analysts forecast MU's revenue for 2022 to be $35,059,927,568,871, with the lowest MU revenue forecast at $33,633,145,363,527, and the highest MU revenue forecast at $36,547,674,767,936. On average, 6 Wall Street analysts forecast MU's revenue for 2023 to be $39,823,709,805,755, with the lowest MU revenue forecast at $35,991,539,790,352, and the highest MU revenue forecast at $41,474,093,710,088.

In 2024, MU is forecast to generate $36,399,143,908,004 in revenue, with the lowest revenue forecast at $36,399,143,908,004 and the highest revenue forecast at $36,399,143,908,004.

What is MU's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: MU) forecast ROA is N/A, which is lower than the forecast US Semiconductors industry average of 45.25%.

What is MU's Price Target?

According to 20 Wall Street analysts that have issued a 1 year MU price target, the average MU price target is $105.65, with the highest MU stock price forecast at $165.00 and the lowest MU stock price forecast at $58.00.

On average, Wall Street analysts predict that Micron Technology's share price could stay at $105.65 by Nov 23, 2022. The average Micron Technology stock price prediction forecasts a potential downside of N/A from the current MU share price of $82.45.

What is MU's Earnings Per Share (EPS) forecast for 2022-2023?

(NASDAQ: MU) Micron Technology's current Earnings Per Share (EPS) is $5.23. On average, analysts forecast that MU's EPS will be $11.77 for 2022, with the lowest EPS forecast at $9.67, and the highest EPS forecast at $13.22. In 2023, MU's EPS is forecast to hit $11.38 (min: $11.38, max: $11.38).

What is MU's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: MU) forecast ROE is N/A, which is considered weak.
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