Stock of the week: “Micron Technology Inc”

Micron Technology Inc is our "Stock of the week". The company focuses on manufacturing computer memory and data storage technologies. This week, Micron started working on a $15 billion chip plant in Idaho, the place of its foundation in 1978. Micron also announced it would build another high-volume manufacturing site, with details to follow in the coming weeks.

• Financial social media sentiment is “very positive” in both absolute and relative terms, on its own and when compared to the social media sentiment of the sector and stock index.

• Analysts' consensus rating is "buy" - out of the 35 bank analysts covering the company, 28 recommend buying the stock and 5 suggest holding. The median upside potential of the stock price expected by these analysts over the next 6-12 months is currently 30.25% (reference close of business 12/09/2022).

• Attention buzz is currently “Average”.

REFERENCES:

1. https://www.reuters.com/technology/micron-breaks-ground-15-bln-us-chip-plant-says-more-come-soon-2022-09-12/

2. https://www.micron.com/products

3. https://web.archive.org/web/20141202000329/http://www.micron.com/about/company-info/milestone-timeline-and-awards