Micron could easily beat expectations and still struggle to move higher. The market is still much more focused on the sharp rise in long-term Treasury yields, and that macro pressure is making it harder for even strong earnings to translate into upside.
I wouldn’t be surprised to see a “buy the rumor, sell the news” reaction after earnings. Micron has already rallied significantly over the past few months, so a strong report may simply confirm what the market has already priced in.
Target price around 1030
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