Micron Technology (MU) Target Raised to $105 at Lynx Equity Strategies; 'Memory pricing inflects up'

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Go back to Micron Technology (MU) Target Raised to $105 at Lynx Equity Strategies; 'Memory pricing inflects up'

Micron (MU) Stock Rallies After FQ1 and Guidance Beat, Analyst Upgrades to Buy as Risks are Priced In

December 21, 2021 5:17 AM EST

Shares of Micron Technology (NASDAQ: MU) are trading 6.5% higher in pre-open Tuesday after the company reported better-than-expected results and guidance.

Micron reported FQ1 EPS of $2.16 to top the analyst estimate of $2.11. Revenue for the quarter came in at $7.69 billion versus the consensus estimate of $7.67 billion.

Micron delivered solid fiscal first quarter results led by strong product portfolio momentum. We are now shipping our industry-leading DRAM and NAND technologies across major end markets, and we delivered new solutions to data center, client, mobile, graphics and automotive customers. As... More

Micron Technology (MU) PT Raised to $101 at Goldman Sachs

December 21, 2021 4:07 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on Micron Technology (NASDAQ: MU) to $101.00 (from $88.00) while maintaining a Buy rating.

The analyst comments "Micron reported FY1Q (November) results that were largely in-line with Street expectations, but guided FY2Q (February)... More