Micron Stock: Despite The Rating Downgrade, It's Still A Buy
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Micron Technology's stock rating was downgraded from a strong buy to a buy due to disappointing guidance. However, long-term growth prospects remain strong, with potential EPS of $11-13 by fiscal 2026. Analysts suggest a 30-50% upside by 2025 and a potential price of $300-350 by 2030.
March 18, 2025 | 1:30 pm
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Micron Technology's stock rating was downgraded from a strong buy to a buy due to disappointing guidance. Despite this, long-term growth prospects are strong, with potential EPS of $11-13 by fiscal 2026. Analysts suggest a 30-50% upside by 2025 and a potential price of $300-350 by 2030.
The downgrade from strong buy to buy reflects short-term concerns due to disappointing guidance. However, the long-term outlook remains positive with strong growth prospects and significant potential upside in stock price, as indicated by analysts' price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100