Micron Stock Has a Long Road Ahead
The severe downturn gripping the memory-chip industry appears to be letting up just a bit. (NASDAQ: MU) beat analyst estimates across the board with its results for the fiscal third quarter, which ended June 1, and its guidance called for a small sequential increase in revenue to close out the fiscal year.
On an absolute basis, Micron's results were downright awful:
Micron's inventory levels rose slightly during the quarter despite the write-downs and further production cuts. This is a testament to how weak demand is right now.
Source Fool.com
Micron Technology Inc. Stock
€822.40
2.440%
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 57.34% compared to the current price of 822.4 € for Micron Technology Inc..
