Micron Technology Stock: Bear vs. Bull
(NASDAQ: MU) posted its latest earnings report on Sept. 27. For the fourth quarter of fiscal 2023, which ended on Aug. 31, the memory chipmaker's revenue dropped 40% year over year to $4 billion but still exceeded analysts' estimates by $80 million. Its adjusted net loss of $1.2 billion marked a steep drop from adjusted net profit of $1.6 billion a year ago, but its adjusted net loss of $1.07 per share cleared the consensus forecast by $0.11.
Micron's slowdown wasn't surprising since its growth has been throttled by the broader slowdown of the semiconductor market, but its stock still dipped after the report and remains more than 30% below its all-time high from last January. Let's review the bear and bull cases for Micron to see if it's worth buying.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 161 Buy predictions and 1 Sell predictions.
As a result the target price of 1293 € shows a very positive potential of 73.21% compared to the current price of 746.5 € for Micron Technology Inc..
