What's Going On With Micron Stock?
Portfolio Pulse from Erica Kollmann
Micron Technology's stock is trading higher as the semiconductor sector recovers. The company is set to report its Q4 earnings soon, with analysts expecting $1.13 EPS and $7.635 billion in revenue. Despite recent price target cuts by analysts, the average 12-month target suggests potential upside.
September 23, 2024 | 3:27 pm
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Micron Technology's stock is experiencing a positive trend as the semiconductor sector recovers. The upcoming Q4 earnings report is anticipated to show $1.13 EPS and $7.635 billion in revenue. Analysts have recently adjusted price targets, but the average target indicates potential upside.
Micron's stock is benefiting from a sector-wide recovery and anticipation of its Q4 earnings report. Analysts' expectations and recent price target adjustments suggest potential for further gains, despite some target reductions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100