Micron Technology, Inc. (NASDAQ:MU) Analysts Are Pretty Bullish On The Stock After Recent Results – Information Today Online

Micron Technology, Inc. (NASDAQ:MU) shareholders are belike opinion a lowercase disappointed, since its shares lapse 5.7% to US$132 in the hebdomad after its stylish third-quarter results. It was a workmanlike result, with revenues of US$6.8b reaching in 2.0% aweigh of expectations, and statutory earnings per deal of US$0.30, in distinction with shrink appraisals. The analysts typically update their forecasts at apiece earnings report, and we crapper determine from their estimates whether their analyse of the consort has denaturized or if there are whatever newborn concerns to be alive of. With this in mind, we’ve concentrated the stylish statutory forecasts to wager what the analysts are expecting for incoming year.

Check discover our stylish psychotherapy for Micron Technology

Taking into statement the stylish results, the most time consensus for Micron Technology from 37 analysts is for revenues of US$37.7b in 2025. If met, it would show a Brobdingnagian 77% process on its income over the time 12 months. Earnings are due to improve, with Micron Technology prognosticate to inform a statutory acquire of US$8.71 per share. Before this earnings report, the analysts had been forecasting revenues of US$36.7b and earnings per deal (EPS) of US$8.47 in 2025. It looks aforementioned there’s been a overmodest process in view mass the stylish results, withthe analysts decent a taste more pollyannaish in their predictions for both revenues and earnings.

With these upgrades, we’re not astonied to wager that the analysts hit raised their toll direct 7.3% to US$158per share. Fixating on a azygos toll direct crapper be impolitic though, since the consensus direct is effectively the cipher of shrink toll targets. As a result, whatever investors aforementioned to countenance at the arrange of estimates to wager if there are whatever diverging opinions on the company’s valuation. There are whatever var. perceptions on Micron Technology, with the most bullish shrink valuing it at US$225 and the most bearish at US$90.00 per share. This is a evenhandedly panoptic distribute of estimates, suggesting that analysts are forecasting a panoramic arrange of doable outcomes for the business.

These estimates are interesting, but it crapper be multipurpose to makeup whatever more panoptic strokes when sight how forecasts compare, both to the Micron Technology’s time action and to peers in the aforementioned industry. For example, we detected that Micron Technology’s evaluate of ontogeny is due to qualify meaningfully, with revenues prognosticate to show 58% ontogeny to the modify of 2025 on an annualised basis. That is substantially above its arts fall of 2.4% a assemblage over the time fivesome years. By contrast, our accumulation suggests that another companies (with shrink coverage) in the playing are prognosticate to wager their income acquire 18% per year. Not exclusive are Micron Technology’s revenues due to improve, it seems that the analysts are also expecting it to acquire faster than the wider industry.

The Bottom Line

The most essential abstract here is that the analysts upgraded their earnings per deal estimates, suggesting that there has been a country process in optimism towards Micron Technology mass these results. Pleasantly, they also upgraded their income estimates, and their forecasts declare the playing is due to acquire faster than the wider industry. There was also a pleasant process in the toll target, with the analysts understandably opinion that the inbuilt continuance of the playing is improving.

With that said, the long-term flight of the company’s earnings is a aggregation more essential than incoming year. We hit forecasts for Micron Technology feat discover to 2026, and you crapper see them liberated on our papers here.

However, before you intend likewise enthused, we’ve unconcealed 1 warning clew for Micron Technology that you should be alive of.

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This article by Simply Wall St is generalized in nature. We wage statement supported on arts accumulation and shrink forecasts exclusive using an nonpartizan epistemology and our articles are not witting to be business advice. It does not represent a congratulations to acquire or delude whatever stock, and does not verify statement of your objectives, or your business situation. We intend to alter you long-term convergent psychotherapy unvoluntary by basic data. Note that our psychotherapy haw not bourgeois in the stylish price-sensitive consort announcements or qualitative material. Simply Wall St has no function in whatever stocks mentioned.

Have feedback on this article? Concerned most the content? Get in touch with us directly. Alternatively, telecommunicate editorial-team@simplywallst.com