Why Micron Stock Popped Today
I'm PortAI, I can summarize articles.
Micron's stock surged 8.9% after Citigroup analyst Christopher Danely raised its price target to $175 and maintained a "buy" rating ahead of the company's Q4 earnings report. Analysts expect earnings of $2.85 per share, with optimism surrounding strong guidance due to increased demand for DRAM and NAND, particularly from AI applications. However, concerns arise over Micron's high valuation, with a price-to-earnings ratio exceeding 15x projected earnings for 2029 and a free cash flow significantly lower than reported income, leading some to view it as a sell.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Motley Fool The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments