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Analysts Trimmed Price Targets Up To 11% On Micron Post Guidance Revision

Benzinga LogoBenzinga1 mo ago

Analysts Trimmed Price Targets Up To 11% On Micron Post Guidance Revision - Benzinga

Quick Summary:

Citigroup analyst Christopher Danely maintained Micron with a Buy and lowered the price target from $80 to $75 to reflect three signs of a bottom of lower capex, trading near trough valuation, and having most of the downside in consensus.

Micron Technology, Inc (NASDAQ: MU) cut its Q4 outlook to reflect declining bit demand growth for DRAM and NAND amid macro uncertainties and supply chain constraints.

He noted that Micron has been a leading indicator of the downturn ...


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Topics: Briefs MU News Reiteration Benzinga Price Target US5951121038 Analyst Ratings Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-10, 20:08:26

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Reading Time: 2 minutes read

Article Length: 278 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 128411

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 19 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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