Stock Rating Downgrade
In the last week the Value Trend Rating for Micron Technology Inc. (NASDAQ: MU) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Micron Technology Inc. (NASDAQ: MU) stock increased 1.2% on 12/22/23. The shares closed at $86.49. Moreover, unusually high trading volume at 163% of normal accompanied the advance. The stock has risen 5.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MU is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Micron Technology has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Micron Technology has a neutral Appreciation Score of 40 but a very high Power Rating of 86, and the High Neutral Value Trend Rating results.
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