Weekly Recap | Micron Tech -0.68%, most brokers rate it buy
Weekly Review·
- Micron Technology closed the week at 1074.89 USD, marking a 0.68% decline and underperforming the S&P 500 index.
- Strong Q4 financial results, robust AI storage demand, and positive institutional ratings supported the stock, with Goldman Sachs raising its target price to 1250 USD.
- Out of 51 covering institutions, 45 assigned buy or overweight ratings, while future market performance will depend on supply-demand dynamics in the storage sector and share buyback execution.