Mu target price for the next 52 weeks

The target price for Micron Technology (MU) over the next 52 weeks is $143.04, which is higher than the current price of $99.65. This suggests that analysts believe the stock has potential for growth from its current price.

1. Analyst Ratings and Price Targets: MU has a consensus rating of "Moderate Buy" with 26 analysts giving a buy rating, 2 assigning a hold rating, and 1 setting a sell rating. The average price target over the next 52 weeks is $143.04.
2. Recent Analyst Activity: Several analysts have recently adjusted their price targets for MU. For example, Wells Fargo & Company dropped its price objective from $190.00 to $175.00, while TD Cowen increased its price objective from $115.00 to $135.00. These adjustments reflect the evolving views of analysts on the stock's potential.
3. Market Performance and Financial Health: MU's stock performance and financial health are key factors influencing the target price. The company has a quick ratio of 1.68, a current ratio of 2.64, and a debt-to-equity ratio of 0.29, indicating a strong financial position. However, the stock has experienced a decline, with shares trading down 3.9% on October 30, 2024.
4. Industry Trends and Outlook: The target price for MU also considers industry trends and the company's outlook. Despite recent declines, analysts remain optimistic about MU's prospects, driven by factors such as the growing demand for semiconductor products and MU's position as a key player in the industry.

In conclusion, the target price of $143.04 for MU over the next 52 weeks is based on a comprehensive analysis of analyst ratings, price target adjustments, market performance, financial health, and industry trends.