Summary:
- Micron (MU, Financial) shares dropped 14.9% due to new tariff policies.
- Analysts forecast a possible upside of 68.09% from the current price.
- Micron retains an "Outperform" status with considerable growth potential.
Micron Technology Inc. (MU) faced a significant setback as its stock price plummeted by 14.9% following the announcement of a fresh tariff policy by President Trump. This policy imposes a minimum 10% tariff on imports, contributing to Micron's shares closing at $74.34—a striking 16.1% decline. This drop underscores market anxieties concerning wider supply chain disturbances.
Analysts' Price Predictions
According to price targets set by 33 Wall Street analysts, Micron Technology Inc. (MU, Financial) has an average target price of $124.96, with predictions ranging from a high of $200.00 to a low of $75.00. This forecast suggests a substantial upside of 68.09% from the present stock price of $74.34. For more detailed projections, visit the Micron Technology Inc. (MU) Forecast page.
Brokerage Recommendations
The consensus recommendation from 40 brokerage firms gives Micron Technology Inc. (MU, Financial) a current average rating of 1.9, indicating an "Outperform" status. This rating is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signals a Sell.
Long-term Value Estimation
GuruFocus estimates project the GF Value for Micron Technology Inc. (MU, Financial) to be $143.72 in one year, pointing to a 93.33% potential upside from the current price of $74.34. The GF Value represents GuruFocus' calculation of a stock's fair trading value, derived from historical trading multiples, past business growth, and future business performance predictions. Visit the Micron Technology Inc. (MU) Summary page for more comprehensive data.
