Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Micron (MU – Research Report) yesterday and set a price target of $84.00. The company’s shares closed last Thursday at $55.28, close to its 52-week low of $53.60.
According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 18.9% and a 54.3% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.
Currently, the analyst consensus on Micron is a Strong Buy with an average price target of $87.94, implying a 59.9% upside from current levels. In a report released yesterday, Citigroup also maintained a Buy rating on the stock with a $85.00 price target.
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The company has a one-year high of $98.45 and a one-year low of $53.60. Currently, Micron has an average volume of 19.66M.
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Founded in 1978 and based in Idaho, Micron Technology, Inc. is a leader in providing innovative memory and storage solutions worldwide. It produces computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. The company operates through four segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU).
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