Micron (MU): New Buy Recommendation for This Technology Giant

CFRA analyst Angelo Zino maintained a Buy rating on Micron (MU – Research Report) today and set a price target of $155.00. The company’s shares closed today at $126.02.

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Zino covers the Technology sector, focusing on stocks such as Micron, Skyworks Solutions, and Advanced Micro Devices. According to TipRanks, Zino has an average return of 15.3% and a 63.00% success rate on recommended stocks.

Currently, the analyst consensus on Micron is a Strong Buy with an average price target of $149.68, representing a 18.77% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a $140.00 price target.

Based on Micron’s latest earnings release for the quarter ending February 27, the company reported a quarterly revenue of $8.05 billion and a net profit of $1.58 billion. In comparison, last year the company earned a revenue of $5.82 billion and had a net profit of $793 million