Micron Stock Plunges After Company Cuts Outlook, Analysts Raise Concerns
Bank of America analysts lowered their rating on Micron's stock and cut their price target, while Citi lowered its estimates for Micron's fiscal 2025 and 2026 earnings and revenue. Micron Technology ( MU) shares sank Thursday after the chipmaker warned about softness in consumer-oriented markets and some analysts lowered their outlook for the company.
Is Micron Stock a Buy Despite Its Post-Earnings Drop?
Nvidia is expensive at 44 times forward 2025 earnings. The semiconductor industry is experiencing exceptional demand driven by digital transformation, AI, and the Internet of Things (IoT). Micron's products play an important role in enabling these innovations.
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