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The chipmaker's shares fell 17% in morning trading to about $85.77 per share. Micron's slide comes after the company reported strong earnings, including an 84% rise in revenue to $8.71 billion for ...
The analysts have an average price target of $146.82 for Micron stock, implying a potential upside of 61% over the next 12 to 18 months from where it trades as of this writing.
Micron expects its slim profit margins to widen, cutting the stock's price-to-earnings (P/E) ratio from 30 times trailing earnings to 9 times next-year estimates.
(See his track record here.)Micron raised the guidance for GAAP gross margins and earnings from a range of 28.5%-31.5% to 32%-33% and from 26-56 cents per share to 61-66 cents per share ...
Citigroup analyst Christopher Danely maintained Micron with a Buy and lowered the price target from $80 to $75 to reflect three signs of a bottom of lower capex, trading near trough valuation, and ...
Micron Technology, Inc (NASDAQ: MU) reports August quarter earnings on September 29, after the market close. ... He reiterated a Buy and a $100 price target. Micron management pre-announced ...
Micron stock surged 17% before ... Adjusted earnings per share of $1.18 also exceeded both the top range of Micron's guidance and the $1.11 forecast by Wall Street.
Mizuho analyst Vijay Rakesh maintained Micron Technology Inc (NASDAQ: MU) with a Neutral and lowered the price target from $52 to $50. Rakesh maintains Western Digital Corp (NASDAQ: WDC) with a ...