Micron Technology (MU) PT Lowered to $54 at Stifel
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Go back to Micron Technology (MU) PT Lowered to $54 at Stifel
September 30, 2022 6:46 AM EDT
BMO Capital analyst Ambrish Srivastava lowered the price target on Micron Technology (NASDAQ: MU) to $70.00 (from $80.00) while maintaining a Outperform rating following earnings.
The analyst commented, "We said heading into earnings that our thesis will be put to a severe test... More
September 30, 2022 6:38 AM EDT
Shares of Micron Technology (NASDAQ: MU) are up nearly 3% in pre-market Friday despite the chipmaker reporting extremely soft guidance for its first fiscal quarter.
Microns FQ4 earnings report has so far proved to be sell the rumor buy the news as shares trade higher despite a significant guidance miss. Micron reported an EPS of $1.45 on revenue of $6.64 billion, which compares to analyst estimates of $1.41 per share on revenue of $6.81 billion.
For this quarter, the company is looking for EPS of $0.02... More
