Micron Stock Plunges After Company Cuts Outlook, Analysts Raise Concerns [Yahoo! Finance]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance
Micron Technology shares tanked Thursday after the chipmaker warned about near-term demand issues. 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. The shares recently traded around their lowest levels since September. 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. Micron said late Wednesday that it sees current-quarter revenue of about $7.9 billion, well below estimates. The company pointed to a weaker-than-expected PC replacement cycle, and slowing demand for its products in the auto and industrial sector The news, along with bearish takes by a range of Wall Street analysts, pulled the stock down 16% recently to below $88—around their lowest level since September—making the stock one of the top decliners in the S&P 50
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News
- INVESTIGATION ALERT (NASDAQ: MU): DiCello Levitt LLP Is Investigating Investor Claims Against Micron Technology, Inc. and Encourages MU Investors with Losses to Contact the FirmGlobeNewswire
- Is Micron Technology (MU) the Best Growth Stock to Invest in Now? [Yahoo! Finance]Yahoo! Finance
- Micron Technology Q1 Earnings Beat, Stock Dips 16% on Dim Guidance [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Morgan Stanley from $114.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Piper Sandler from $150.00 to $120.00. They now have an "overweight" rating on the stock.MarketBeat
MU
Earnings
- 12/18/24 - Beat
MU
Sec Filings
- 12/19/24 - Form 10-Q
- 12/18/24 - Form 8-K
- 12/10/24 - Form 8-K
- MU's page on the SEC website