Key Takeaways:
- Micron Technology (MU, Financial) implements a surcharge on select products to counterbalance rising tariff-related production costs.
- Analysts project a substantial upside, with price targets implying a 95.93% increase from current levels.
- The stock is rated "Outperform" by major brokerage firms, with GuruFocus estimating significant future value growth.
Micron Technology, Inc. (NASDAQ: MU) is strategically introducing a surcharge on specific products starting Wednesday to cushion the effects of increased production costs linked to prevailing tariffs. Despite navigating a challenging fiscal landscape akin to Apple's recent experiences, which saw a 20% reduction in share price over five days, Micron's stock remarkably gained 3.3% recently. The company's substantial exposure to tariff-sensitive regions such as China, Taiwan, and Japan underscores the importance of this decision in stabilizing its operations.
Wall Street Analysts Forecast for Micron
An in-depth analysis of one-year price targets from 33 financial analysts reveals an average target price of $124.96 for Micron Technology Inc. (MU), with the spectrum ranging from a low of $75.00 to a high of $200.00. This analysis indicates a potential upside of 95.93% from the current trading price of $63.78. For further insight into these projections, visit the complete Micron Technology Inc (MU, Financial) Forecast page.
In terms of analyst sentiment, Micron Technology Inc. (MU) holds an average brokerage recommendation of 1.9, categorizing it under the "Outperform" bracket. This consensus rating, based on evaluations by 40 brokerage firms, follows a scale where 1 represents a Strong Buy and 5 a Sell.
GuruFocus Valuation Estimates
The GF Value estimation for Micron Technology Inc. (MU) projects a one-year target of $143.37, suggesting a remarkable upside of 124.79% from the current market price of $63.78. The GF Value is calculated using historical trading multiples, past business growth, and future business performance estimates. For more in-depth valuation data, investors can refer to the Micron Technology Inc (MU, Financial) Summary page.
