Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Micron on Monday, setting a price target of $98, which is approximately 19.47% above the present share price of $82.03.
Rakesh expects Micron to post earnings per share (EPS) of $2.42 for the fourth quarter of 2021.
The current consensus among 23 TipRanks analysts is for a Moderate Buy rating of shares in Micron, with an average price target of $99.32.
The analysts price targets range from a high of $165 to a low of $58.
In its latest earnings report, released on 08/31/2021, the company reported a quarterly revenue of $8.27 billion and a net profit of $2.95 billion. The company's market cap is $92.97 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 31.4% and a 73.19% 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).