Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Micron on Monday, setting a price target of $100, which is approximately 106.23% above the present share price of $48.49.
Mosesmann expects Micron to post earnings per share (EPS) of $0.37 for the second quarter of 2020.
The current consensus among 22 TipRanks analysts is for a Moderate Buy rating of shares in Micron, with an average price target of $64.63.
The analysts price targets range from a high of $100 to a low of $35.
In its latest earnings report, released on 02/29/2020, the company reported a quarterly revenue of $4.8 billion and a net profit of $450 million. The company’s market cap is $53.93 billion.
According to TipRanks.com, Rosenblatt Securities analyst Hans Mosesmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.9% and a 62.94% success rate.
Micron Technology (NASDAQ:MU), Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU). The Compute and Networking Business Unit segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The Mobile Business Unit segment offers memory products sold into smartphone, and other mobile-device markets. The Storage Business Unit segment comprises of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer solid-state drive (SSD) markets, other discrete storage products sold in component and wafer forms to the removable storage markets, and sales of 3D XPoint memory. The Embedded Business Unit segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph L. Parkinson, Dennis Wilson, and Doug Pitman in October 1978 and is headquartered in Boise, ID.