Micron Stock Is Moving Higher Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Micron Technology Inc (NASDAQ:MU) shares are trading higher following positive analyst updates from BofA Securities and Susquehanna, who raised their price targets to $170 and $185, respectively. Micron is set to report its third-quarter financial results on June 26, with expected earnings of 49 cents per share on revenue of $6.634 billion.
June 17, 2024 | 1:25 pm
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Micron Technology shares are trading higher due to positive analyst updates from BofA Securities and Susquehanna, who raised their price targets to $170 and $185, respectively. The company is set to report its third-quarter financial results on June 26, with expected earnings of 49 cents per share on revenue of $6.634 billion.
The positive analyst updates and raised price targets from BofA Securities and Susquehanna are likely to boost investor confidence in Micron Technology. Additionally, the upcoming earnings report with expected positive results further supports the upward movement in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100