Stock Rating Upgrade
In the last week the Value Trend Rating for Micron Technology Inc. (NASDAQ: MU) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Micron Technology Inc. (NASDAQ: MU) stock closed at $83.45 on 1/5/24 after a modest gain of 0.9%. NORMAL trading volume accompanied the advance. The stock has declined -3.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MU’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Micron Technology has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Micron Technology has a neutral Appreciation Score of 40 but a very high Power Rating of 89, resulting in the Positive Value Trend Rating.
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