Analysts See 46% – 49% Upside In Micron But Are Cautious - Read Why

• Keybanc analyst John Vinh reiterated Micron Technology Inc (NASDAQ: MU) with an Overweight and lowered the price target from $120 to $110, indicating a 48.6% upside.

• Goldman Sachs analyst Toshiya Hari expects Micron's Q4 revenue and EPS to "land within the company's guided range."

• However, Hari also notes that recent industry conversations point to a potential downside to his published estimates for Q1 due to soft pricing in DRAM and, to a lesser extent, in NAND.

• Near-term weakness, particularly in the PC end market, combined with the company's possible decision to re-build inventory and its "tendency to guide conservatively," could lead to a "muted" outlook for Q1, warns Hari.

• He maintained a Buy rating and $108 price target, implying a 46% upside.

• Price Action: MU shares traded lower by 1% at $73.3 in the premarket session on the last check Friday.

Latest Ratings for MU

Sep 2021	Mizuho	Maintains		Buy
Sep 2021	JP Morgan	Maintains		Overweight
Sep 2021	Keybanc	Maintains		Overweight

View More Analyst Ratings for MU
View the Latest Analyst Ratings

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