Micron Technology, Inc.’s Stock Price Soars to $147.83, Marking a Robust 4.58% Increase

Micron Technology, Inc. (MU)

147.83 USD +6.47 (+4.58%) Volume: 23.76M

Boosted by a trading session surge of +4.58%, Micron Technology, Inc.’s stock price is currently valued at 147.83 USD, further bolstered by a robust trading volume of 23.76M and an impressive YTD increase of +73.22%, reflecting the strong market performance and investor confidence in MU.

Latest developments on Micron Technology, Inc.

Micron Technology‘s stock price has been on the move recently, with various events contributing to its fluctuations. Analysts at Morgan Stanley are optimistic about the AI hardware stock, leading to a target boost. Additionally, Bank of America raised Micron’s price target to $170, sparking further interest in the company. Despite insider selling causing a 1.3% dip in stock price, overall, Micron’s strategic moves in the semiconductor industry have positioned it as a strong competitor against giants like Samsung and SK Hynix. With a consensus recommendation of “Moderate Buy” from analysts, Micron Technology continues to make headlines in the stock market.

Micron Technology, Inc. on Smartkarma

Analysts on Smartkarma are bullish on Micron Technology, with reports from various providers highlighting positive trends. Baptista Research‘s report on Micron’s HBM Product Adoption showcases optimism with cautionary notes, emphasizing the substantial demand for High Bandwidth Memory (HBM) exceeding expectations. This has led to sold-out supply for 2024 and most of 2025, driven by the product’s high performance specs and lower power consumption.

Furthermore, analysts like Douglas O’Laughlin and Jim Handy point out Micron’s strong earnings and profitability, attributing it to HBM demand creating a shortage in DDR5 DRAM. This positive revenue trend is seen as a driver for price increases in other sectors, benefiting not only Micron but also competitors like Samsung and SK hynix. With a focus on key insights and market dynamics, the analyst coverage on Smartkarma provides valuable perspectives on Micron Technology‘s performance and growth potential.

A look at Micron Technology, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Micron Technology has a positive long-term outlook. The company received high scores in Momentum, indicating strong performance in the market. Additionally, Micron Technology scored well in Resilience, suggesting it has the ability to withstand economic challenges. However, the company scored lower in Dividend and Growth, indicating areas for potential improvement.

Micron Technology, Inc. is a leading manufacturer of dynamic random access memory chips, static random access memory chips, Flash Memory, and other semiconductor components. With a mix of positive and areas for growth in the Smartkarma Smart Scores, the company is well-positioned in the market. Investors may want to consider these scores when making decisions about Micron Technology‘s long-term prospects.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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