Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Micron on Wednesday, setting a price target of $125, which is approximately 71.00% above the present share price of $73.1.
Hosseini expects Micron to post earnings per share (EPS) of $1.55 for the third quarter of 2021.
The current consensus among 21 TipRanks analysts is for a Strong Buy rating of shares in Micron, with an average price target of $107.11.
The analysts price targets range from a high of $165 to a low of $75.
In its latest earnings report, released on 05/31/2021, the company reported a quarterly revenue of $7.42 billion and a net profit of $2.25 billion. The company's market cap is $82.29 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.3% and a 56.12% success rate.
Founded in 1978 and based in Idaho, Micron Technology (NASDAQ:MU), 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).