Why Micron Stock Dropped Again Tuesday
For the second day in a row, Micron (NASDAQ: MU) stock fell on Tuesday, down 3% through 11:45 a.m. ET. And for the second day in a row, Micron stock fell on Tuesday... despite being recommended as a "buy" on Wall Street.
Yesterday, if you recall, analysts at TD Cowen set a $600 price target on Micron stock, predicting a 55% profit as the company rode a rising tide of DRAM riches to earn as much as $60 a share. Today, it's Deutsche Bank's turn to recommend Micron -- and have its recommendation rejected by investors.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Stock
€343.50
-0.910%
The stock is an absolute favorite of our community with 137 Buy predictions and no Sell predictions.
As a result the target price of 386 € shows a slightly positive potential of 12.37% compared to the current price of 343.5 € for Micron Technology Inc..
