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Chip Stock Hits 2025 Peak Before Reversing Gains
Micron TechnologyMicron Technology(US:MU) Schaeffers Investment Research·2025-06-26 22:58

Micron Technology Inc (NASDAQ:MU) stock is 1.7% lower to trade at 125.06atlastcheck,despitethechipmakersfiscalthirdquarterearningsandrevenuebeat.Theequityalsosawnofewerthan16pricetargethikesinresponse,includingonefromRosenblattto125.06 at last check, despite the chipmaker's fiscal third-quarter earnings and revenue beat. The equity also saw no fewer than 16 price-target hikes in response, including one from Rosenblatt to 200 from 172.Analystsleanedoptimisticcomingintotoday,makingthiswaveofbullnotesevenmoreimpressive.Infact,26ofthe30firmsincoveragesporta"buy"orbetterrating,whilethe12monthconsensuspriceobjectiveof172.Analysts leaned optimistic coming into today, making this wave of bull notes even more impressive. In fact, 26 of the 30 firms in coverage sport a "buy" or better rating, while the 12-month consensus price objective of 137.40 is a 7. ...