Micron Technology Stock: Bear vs. Bull
(NASDAQ: MU) posted its latest earnings report on Sept. 27. For the fourth quarter of fiscal 2023, which ended on Aug. 31, the memory chipmaker's revenue dropped 40% year over year to $4 billion but still exceeded analysts' estimates by $80 million. Its adjusted net loss of $1.2 billion marked a steep drop from adjusted net profit of $1.6 billion a year ago, but its adjusted net loss of $1.07 per share cleared the consensus forecast by $0.11.
Micron's slowdown wasn't surprising since its growth has been throttled by the broader slowdown of the semiconductor market, but its stock still dipped after the report and remains more than 30% below its all-time high from last January. Let's review the bear and bull cases for Micron to see if it's worth buying.
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Source Fool.com
Micron Technology Inc. Stock
Our community is currently high on Micron Technology Inc. with 98 Buy predictions and 5 Sell predictions.
As a result the target price of 110 € shows a positive potential of 38.36% compared to the current price of 79.5 € for Micron Technology Inc..
