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. Aktie
96,27 €
-1,98 %
Micron Technology Inc. sticht etwas positiv hervor mit 106 Buy- und 5 Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 125 € für Micron Technology Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 96.27 €.
