Micron Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Micron Technology, Inc. (NASDAQ:MU) is set to release its Q2 earnings after the market closes on March 20, 2024. Analysts predict a loss of 26 cents per share and revenue of $5.33 billion. The company recently started volume production of its HBM3E solution. Shares increased by 0.2% to $94.00. Analysts from UBS, Cantor Fitzgerald, TD Cowen, Citigroup, and Wedbush have updated their ratings and price targets for Micron, with targets ranging from $103 to $150.
March 20, 2024 | 4:47 pm
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Micron Technology is anticipated to report a Q2 loss of 26 cents per share with $5.33 billion in revenue. Analysts have recently updated their ratings and price targets, showing a positive outlook.
The anticipation of Micron's Q2 earnings, coupled with the recent positive analyst ratings and price target adjustments, suggests a bullish outlook for the stock. The increase in share price prior to the earnings release further supports this positive sentiment. Analysts' high accuracy rates and significant price target raises indicate strong confidence in Micron's performance and future prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100