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Technology Stocks : Semi Equipment Analysis
SOXX 296.74+1.8%Nov 28 4:00 PM EST
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From: Sam9/18/2019 10:36:00 AM
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Micron target boosted ahead of earnings
Sep. 18, 2019 10:15 AM ET|About: Micron Technology, Inc. (MU)|By: Brandy Betz, SA News Editor

Goldman Sachs raises its Micron (NASDAQ: MU) target from $56 to $59 and maintains a Buy rating.

The firm expects Q4 EPS to come in above the midpoint of the guidance, which sees $0.45 plus or minus $0.07. The firm expects flat sequential EPS in Q1. Consensus estimates have $0.51 EPS for Q4 and Q1.

Micron will report earnings on September 26. Consensus estimates have revenue of $4.55B with $0.48 EPS.

MU shares are down 1.2% to $50.25. The company has an Outperform average Sell Side rating.

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