Wall Street analysts have issued a rating of buy for the stocks of MU after thirty-five investment analysts deemed it appropriate. According to a report, one analyst has already issued it with a rating of sell, while seven other analysts provided the company with a rating of hold. On the other hand, twenty different analysts have issued the company with a recommendation of buy. The price target has been set at $86.37- after calculating it over a period of a year.
The Quarterly Estimate of MU
There have been quite a few research analysts who have provided insights into MU. Wells Fargo & Company has already increased the price target of the company from $65 to $75- which was later published in a 1st December research report. TheStreet, on the other hand, reduced the rating of the company from b to c+ in a 7th January research note. Longbow Research also went up and increased the price objective of the company from $80 to $90, along with a rating of outperform in an 8th January research report. In the end, Piper Sandler followed the bandwagon and increased it from $65 to $80. The rating of MU has been set at neutral- in an 8th January research note.
The stocks of MU traded on Friday at $81.10. The moving average price of the company over 50 days is $77.10, while the moving average price of the company over 200 days is $59.25. It also has a 1.94 quick ratio, along with a 2.91 current ratio. The market cap of MU is $90.72 billion with a PE ratio of around 30.60. The company also has a PEG ratio of 1.73, along with a 1.37 beta. The year low of the company is $31.13 along with a year high of around $87.25.
