How Much Further Could Micron Stock Fall?
Following the company's recent earnings report, shares of Micron Technology (NASDAQ: MU) have taken a severe beating.
What makes this sell-off so surprising, however, is that it comes on the heels of a quarterly update that was nothing short of spectacular. Micron delivered staggering financial results and provided guidance that blew past expectations.
But the market is a forward-looking machine, and investors are increasingly worried about the cyclical nature of the memory chip business. With the stock already pricing in peak-cycle fears, investors are left wondering: How much further could Micron fall?
Source Fool.com
Micron Technology Inc. Aktie
298,60 €
2,33 %
Die Community bevorzugt Micron Technology Inc., mit deutlich mehr Buy- (143) als Sell-Einschätzungen (1).
Bei einem Kursziel von 386 € für Micron Technology Inc. deutet sich eine Steigerung von über 20% vom aktuellen Kurs von 298.6 € an.
