Neutral
Micron's stock drops 4.8% to $1,035.84 amid mixed analyst views on memory supply.
Micron Technology's stock declined by 4.8% to $1,035.84, influenced by divergent analyst perspectives on memory supply constraints. While Cantor Fitzgerald maintains an 'Overweight' rating with a $2,000 price target, citing strong supply agreements, Wells Fargo reduced its target to $1,400, expressing concerns over potential easing of supply constraints. Additionally, UBS raised its price target to $450, anticipating continued strength in memory demand.
Key points
- Cantor Fitzgerald reiterates 'Overweight' rating with $2,000 price target, citing robust supply agreements.
- Wells Fargo lowers price target to $1,400, expressing concerns over potential easing of supply constraints.
- UBS raises price target to $450, anticipating continued strength in memory demand.
Sources
AI-generated from public news sources. Not financial advice.
