Micron Technology Inc. (NASDAQ: MU) has benefited from meaningful positive changes in fundamentals: the consensus estimate for August, 2025 increased significantly, the consensus estimate for August, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Micron Technology Inc. (NASDAQ: MU): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MU is expected to continue to be a major Value Builder.
Micron Technology has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Micron Technology has a poor Appreciation Score of 25 but a very high Power Rating of 98, resulting in the Positive Value Trend Rating.
Recent Price Action
Micron Technology Inc. (NASDAQ: MU) stock declined slightly by -0.5% on 6/28/24. The stock closed at $131.53. Moreover, unusually high trading volume at 184% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.8% during the last week.
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