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
365,10 €
-5,32 %
Mit 143 Buy-Einschätzungen und nur 1 Sell-Einschätzungen ist Micron Technology Inc. einer der Lieblinge unserere Community.
Für Micron Technology Inc. ergibt sich mit einem Kursziel von 414 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 365.1 €.
