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
€363.35
2.500%
With 137 Buy predictions and not a single Sell prediction Micron Technology Inc. is an absolute favorite of our community.
With a target price of 386 € there is a slightly positive potential of 6.23% for Micron Technology Inc. compared to the current price of 363.35 €.
