Wall Street analysts are chasing Micron with targets that leave our model cold, and the gap between their optimism and our measured call comes down to one overlooked risk lurking beneath record-breaking earnings.
Our 24/7 Wall St. price target for Micron Technology (NASDAQ:MU | MU Price Prediction) is $1,059.58 over the next 12 months. With shares at $982.14 in Monday trading, that implies about 7.9% upside. Our call is hold, and our model carries a high confidence reading of 90%.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $982.14 |
| Price Target from 24/7 Wall St. | $1,059.58 |
| Upside/Downside | 7.9% |
| Recommendation | HOLD |
| Confidence Level | 90% |
