Reported 7 days ago
Micron Technology's stock, which surged nearly 80% in early 2024, is currently down almost 32% due to disappointing AI sales and challenges in the semiconductor industry. However, after reporting strong fiscal Q4 results that exceeded expectations, Wall Street remains optimistic, with a median target price of $145.96—indicating a potential 40% upside. The company is capitalizing on the growing demand for memory products, particularly in data centers, and is focused on enhancing its technology and production capabilities, positioning itself well for future growth.
Source: YAHOO