Micron Technology (MU) PT Raised to $115 at JPMorgan
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December 21, 2021 5:17 AM EST
Shares of Micron Technology (NASDAQ: MU) are trading 6.5% higher in pre-open Tuesday after the company reported better-than-expected results and guidance.
Micron reported FQ1 EPS of $2.16 to top the analyst estimate of $2.11. Revenue for the quarter came in at $7.69 billion versus the consensus estimate of $7.67 billion.
Micron delivered solid fiscal first quarter results led by strong product portfolio momentum. We are now shipping our industry-leading DRAM and NAND technologies across major end markets, and we delivered new solutions to data center, client, mobile, graphics and automotive customers. As... More
December 21, 2021 4:07 AM EST
Goldman Sachs analyst Toshiya Hari raised the price target on Micron Technology (NASDAQ: MU) to $101.00 (from $88.00) while maintaining a Buy rating.
The analyst comments "Micron reported FY1Q (November) results that were largely in-line with Street expectations, but guided FY2Q (February)... More
