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 declined by -3.3% on 10/1/24. The shares closed at $100.31. Moreover, trading volume in this decline was above average at 131% of normal. The stock has been strong relative to the market over the last nine months and has risen 7.2% during the last week.
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). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Micron Technology has a neutral Appreciation Score of 48 but a good Power Rating of 79, with the Positive Value Trend Rating the result.
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