Micron Earnings Showdown: Charts Show Bulls And Bears In Standoff
Portfolio Pulse from Surbhi Jain
Micron Technology Inc (NASDAQ:MU) is set to report its Q4 earnings, with Wall Street expecting $1.13 EPS and $7.64 billion in revenues. The stock has shown a 37% increase over the past year and 14% YTD. Currently trading at $94, it is above its short-term SMAs but below its longer-term SMAs, indicating mixed signals. Analysts maintain a 'Buy' rating with a price target of $146.04, suggesting a potential upside.
September 25, 2024 | 1:14 pm
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Micron Technology is set to report Q4 earnings with expectations of $1.13 EPS and $7.64 billion in revenue. The stock shows mixed technical signals, trading above short-term SMAs but below long-term SMAs. Analysts maintain a 'Buy' rating with a price target of $146.04, indicating potential upside.
The upcoming earnings report is a significant event for Micron, with expectations set by Wall Street. The stock's current technical indicators show mixed signals, but the overall analyst sentiment remains positive with a 'Buy' rating and a high price target, suggesting potential for short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100