Wells Fargo analyst Aaron Rakers lowered the firm’s price target on Micron (MU) to $130 from $140 but keeps an Overweight rating on the shares ahead of its Q2 results. With the management already tempering Q3 gross margin expectations, given the anticipated continued HBM and data center momentum, and based on the belief that consumer end markets are finding normalized inventory levels, Micron shares present a very compelling risk / reward set-up into the middle of second half of 2025, the analyst tells investors in a research note. The firm adds however that it is cutting its Q2 EPS view to $1.42 from $1.46 and its Q3 view to $1.30 from $1.63.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MU:
Questions or Comments about the article? Write to editor@tipranks.com
