Micron Technology, Inc., Reports Results for the Fourth Quarter and 2016 Fiscal Year

Brean Capital Raises Price Target on Micron Technology (MU) Following 4Q Beat

Brean Capital reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $23.00 (from $18.00), following the company's 4Q earnings report. MU reported revenue and non-GAAP EPS of $3.217B and $(0.05), compared to the Street's estimates at $3.150B/ $(0.12).

Analyst Mike Burton commented, "Similar to the May-16 quarter, expectations were above average... More

Micron (MU) PT Raised to $22 at Baird

Baird analyst Tristan Gerra reiterated an Outperform rating and lifted his price target on Micron Technology (NASDAQ: MU) to $22.00 (from $18.00) on a strong NAND outlook for 2017 and continued DRAM tightening.

Gerra commented, "Bit growth acceleration in enterprise SSDs along with supply disruptions associated... More

Micron (MU) PT Raised to $22 at Mizuho

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and raised estimates and the price target on Micron Technology (NASDAQ: MU) to $22.00 (from $20.00) following Q4 results above consensus and Q EPS guidance of $0.13-0.21, well above the $0.09 consensus.

Rakesh commented, "NovQ GM was... More

Cowen Remains Positive on Micron (MU), But Enthusiasm Tempered Amid Headwinds

Cowen and Company affirms Micron (Nasdaq: MU) with an Outperform rating and $19 price target following Q4 results and outlook issued Tuesday night.

Analyst Tim Arcuri commented today, Troubling as the guidance was, a positive bias still seems warranted as DRAM supply/demand remains the first... More

Micron Technology (MU) Guides Q1 Above Expectations

Micron Technology (Nasdaq: MU) sees Q117 revenue of $3.55 - $3.85 billion, gross margin of 23% - 25.5%, and EPS of $0.13 - $0.21.

The Street sees Q1 revenue of $3.48 billion and EPS of $0.12.

The company saw accelerating revenue growth with moderating pricing.