Micron Technology Inc MU:NASDAQ

Last Price$54.46Cboe Real-Time Last Sale as of 10:28AM ET 6/30/22
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Realtime quote and/or trade prices are not sourced from all markets
Today's Change-1.56(2.78%)
Bid (Size)$54.46 (200)
Ask (Size)$54.49 (300)
Day Low / High$54.23 - 55.44
Volume3.2 M

Micron Technology Can Compete for 'Cost Leadership' Position in Memory, Storage Markets, Wedbush Says

1:12PM ET 5/13/2022 MT Newswires
Micron Technology (MU) can now compete for a "cost leadership" position in the memory and storage markets after being considered a "technology laggard" in both markets at least five years ago, Wedbush said Friday.

The investment firm reiterated the company's outperform rating and $120 price target.

The company's position in the markets is backed by a significant improvement in gross margins versus its peers since 2016, said Wedbush Analyst Matt Bryson.

The memory and storage markets are expected to grow to a $330 billion opportunity by 2030, likely supporting a high-single-sigit growth for Micron, according to the note.

Price: 72.25, Change: +4.54, Percent Change: +6.71