What's Going On With Micron's Stock?
Portfolio Pulse from Erica Kollmann
Micron Technology (NASDAQ:MU) shares are trading lower due to construction delays caused by the discovery of endangered bat species at a prospective factory site. Despite this, several analysts have raised their price targets for the stock. Micron is set to report its Q3 financial results on June 26, with expected earnings of 49 cents per share and revenue of $6.634 billion.
June 21, 2024 | 4:13 pm
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Micron Technology faces construction delays due to endangered bats, pushing groundbreaking to 2025. Despite this, analysts have raised their price targets, and the company is set to report Q3 results on June 26.
The construction delay is a negative factor, but the raised price targets from multiple analysts and the upcoming Q3 earnings report provide a balanced outlook. The stock is likely to experience mixed reactions in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100