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. Stock
€300.70
3.050%
With 143 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 386 € there is a positive potential of 28.37% for Micron Technology Inc. compared to the current price of 300.7 €.
