Why Micron Stock Dropped 4% Today
Micron Technology (NASDAQ: MU) stock fell 3.9% through 10:30 a.m. ET Monday morning after investment bank Morgan Stanley dramatically slashed its price target on the computer memory maker.
Up until today, Morgan Stanley had been saying Micron stock was worth $140 a share. Now, the banker believes Micron may be worth as little as $100.
What changed? In today's note, Morgan Stanley analysts explained that their view of Micron has two main parts: high bandwidth memory chips (HBM) and everything else.
Source Fool.com
Micron Technology Inc. Stock
€387.10
-1.940%
With 142 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 435 € there is a slightly positive potential of 12.37% for Micron Technology Inc. compared to the current price of 387.1 €.
