Micron Technology (MU) has seen its stock target price reduced, but high-bandwidth memory (HBM) is still potent. The slump in the stock is due to concerns about global demand. The guidance does not considerably alter the company's long-term outlook. Micron is a key artificial intelligence stock, which is expected to thrive in the market by 2025 despite the recent decline. Insider selling and changes in big money opinion have recently caused a slight decrease in the shares. Regardless of "Mad Money's" Jim Cramer's warnings of a potential decrease to around $98 or $99, many see this as an opportunity to acquire more in the event of such a drop. Micron's Q1 2025 earnings call was a mixed package, overshadowed by a share price drop and insider selling. However, the company's AI-driven growth prospects continue to receive mixed evaluations from analysts, questioning whether underperformance is due to weak fundamentals or if the company is still a good growth investment. Cramer still expresses a liking for the firm while they face scrutiny from the Pomerantz Law Firm. A recent boost of $6.165 billion signals a positive shift for US semiconductor strength, and weak guidance has not deterred the belief that Micron will rebound in the coming months. Micron stocks have sparked analyst concerns and experienced significant sell-offs following disappointing guidance. However, Citigroup continues recommending buy orders, foreseeing a DRAM recovery and a $150 target. Despite all these events, several analysts still consider Micron to be a future promising stock.
Micron Technology MU News Analytics from Fri, 20 Sep 2024 07:00:00 GMT to Fri, 27 Dec 2024 21:10:00 GMT -
Rating 3
- Innovation 6
- Information 5
- Rumor -4
