Micron Stock Gets A Price Target Hike From Stifel Ahead Of Q4 Earnings – Find Out More
Micron had said it expects revenue of $10.7 billion, plus or minus $300 million, and an adjusted earnings per share of $2.50, plus or minus $0.15 for the fourth quarter.
Micron Technology (MU) stock received a revised price target from Stifel, which raised its target to $173 from $145 ahead of the company’s quarterly results on Tuesday, noting sustained gross margin expansion due to the “significant drawdown” in memory inventory exiting the August quarter.
Stifel maintained a ‘Buy’ rating on Micron, according to TheFly. Micron said it expects revenue of $10.7 billion, plus or minus $300 million, and an adjusted earnings per share (EPS) of $2.50, plus or minus $0.15, compared to Wall Street expectations of $11.08 billion and $2.85, respectively, according to Fiscal AI data.
Get updates to this developing story directly on Stocktwits.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
The best trade ideas and analysis from the Stocktwits community. Delivered daily by 8 pm ET.