UPDATE: Micron Technology (MU) Tops Q4 EPS by 18c, Q1 Guidance Beats

Massive Upside Options Positioning in Micron Technology (MU) Continues Following Q4 Beat, Creating 17.5M Shares to Buy Above $40/Sh -Susquehanna

Susquehanna options strategist Alison Edwards notes continued upside options positioning in Micron Technology (NASDAQ: MU), as opening investors purchased 75,000 Oct 40 Calls for $0.59, adding to 100,000 contracts purchased previously, creating 17.5 million shares to buy above $40/share.

Micron Technology (MU) PT Raised to $50 at FBN Securities

FBN Securities analyst Shebly Seyrafi raised its price target on Micron Technology (NASDAQ: MU) to $50.00 (from $45.00) while maintaining a Outperform rating following strong FQ4, with revenue growing by 91% Y/Y driven by better than expected pricing as both DRAM ASP growth of 8%... More

Micron Technology (MU) PT Raised to $43 at Deutsche Bank Following 4Q

Deutsche Bank raised its price target on Micron Technology (NASDAQ: MU) to $43.00 (from $42.00) while maintaining a Buy rating following the company's... More

Micron Technology (MU) PT Raised to $50 at Longbow Research

Longbow Research analyst Mike Burton raised his price target on Micron Technology (NASDAQ: MU) to $50.00 (from $42.00) while maintaining a Buy rating.

Burton notes the company continues to deliver upside on sustained margin improvement.

Micron Technology (MU) PT Raised to $48 at Loop Capital

Loop Capital analyst Betsy Van Hees raised her price target on Micron Technology (NASDAQ: MU) to $48.00 (from $46.00) while maintaining a Buy rating following results.

While Capex was up, Van Hees notes "you have to spend money to make money."

Micron Technology (MU) PT Raised to $52 at Baird

Baird raised its price target on Micron Technology (NASDAQ: MU) to $52.00 (from $48.00) while maintaining a Outperform rating following results.

Analyst Tristan Gerra they believe in the sustainability of supply/demand trends for Micron in F2018, notably for DRAM.

Micron Technology (MU) PT Raised to $54 at Susquehanna

Susquehanna raised its price target on Micron Technology (NASDAQ: MU) to $54.00 (from $50.00) while maintaining a Positive rating.

Analyst Mehdi Hosseini says the re-rating on the stock remains on track noting success on cost curve execution and the evidence of a healthy supply/demand... More

Micron Technology (MU) PT Raised to $76 at Needham & Company

Needham & Company raised its price target on Micron Technology (NASDAQ: MU) to $76.00 (from $50.00) while maintaining a Buy rating.

Micron Technology (MU) PT Raised to $52 at MKM Partners

MKM Partners raised its price target on Micron Technology (NASDAQ: MU) to $52.00 (from $45.00) while maintaining a Buy rating.

Analyst Ruben Roy is positive on the company's favorable memory trends which he notes drove solid results and yielded a positive outlook.

Micron Technology (MU) PT Raised to $64 at Stifel, Raises FY 2018 EPS Estimate

Stifel raised its price target on Micron Technology (NASDAQ: MU) to $64.00 (from $62.00) while maintaining a Buy rating.

Analyst Kevin Cassidy remains positive on the company and comments that the 15% CapEx increase likely will not drive oversupply. The analyst views 3d NAND Flash and... More

Micron Technology (MU) PT Raised to $40 at Mizuho Securities, Raises FY 2018 EPS Estimate

Mizuho Securities raised its price target on Micron Technology (NASDAQ: MU) to $40.00 (from $38.00) while maintaining a Buy rating.

Analyst Vijay Rakesh remains positive following the strong guidance noting "We believe against a backdrop of strong fundamentals MU presents an attractive opportunity."

FY 2018 EPS estimate rises from $6.37 to $7.61.