Why Micron Stock Dropped Again Tuesday
For the second day in a row, Micron (NASDAQ: MU) stock fell on Tuesday, down 3% through 11:45 a.m. ET. And for the second day in a row, Micron stock fell on Tuesday... despite being recommended as a "buy" on Wall Street.
Yesterday, if you recall, analysts at TD Cowen set a $600 price target on Micron stock, predicting a 55% profit as the company rode a rising tide of DRAM riches to earn as much as $60 a share. Today, it's Deutsche Bank's turn to recommend Micron -- and have its recommendation rejected by investors.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Aktie
702,30 €
-1,71 %
Die Micron Technology Inc. Aktie genießt hohe Beliebtheit: Mehr Buy- (158) als Sell-Einschätzungen (1).
Das von der Community festgelegte Kursziel für Micron Technology Inc. von 1294 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 702.3 €.
