Is Micron (MU) Stock a Buy After a 36% Drop? Analysts Weigh In
Image: CoinCentral
TLDR Micron closed Tuesday at $725.11, down 1.1%, and is off 36% since Oct. 1. KeyBanc’s John Vinh reiterated a $1,750 target, about 148% above Tuesday’s trading level. Goldman Sachs kept a $1,250 target and a Neutral rating. Micron is among seven firms buying $26 billion of Anthropic stock after its IPO. The stock edged 1.5% higher to $736 in Wednesday pre-market trading. Micron (MU) stock closed Tuesday at $725.11, down 1.1%. At one point in the session, it was down 3.8% at $705.20. Micron Technology, Inc., MU That leaves the stock down 36% since Oct. 1. It has also lost more than 15% over the last five days. KeyBanc analyst John Vinh is not backing away. He reiterated a $1,750 price target in a note on Monday.
Read the full story on CoinCentralBeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.
