CMB Stock News Of The Day 📰📰🗞️🗞️📈📉

“Micron’s Strong Earnings Impress Analysts, but Investors May Have Priced in the Hype Early” 🚨🚨🚨

Micron (MU) reported stellar fourth-quarter earnings, beating expectations on both revenue and profit, and offering guidance that surpassed Wall Street’s forecasts. Despite the strong numbers, shares slipped as many investors had already priced in the good news following a big rally in recent weeks.

Roughly a dozen analysts raised their price targets after the report, with Needham boosting its target from $150 to $200 while reiterating a “buy” rating, noting Micron’s six high-bandwidth memory (HBM) customers and expectations to sell out its 2026 supply soon. Bank of America also lifted its target to $180 from $140 but kept a “neutral” stance. Analysts pointed to booming AI demand and tighter supply in memory markets as key drivers of Micron’s momentum.

However, the stock’s pullback highlights a classic “sell the news” reaction. Micron had already signaled in August that results would be stronger than expected, and its shares surged through September, including a record 12-session winning streak that pushed the price well beyond average analyst targets. Optimism around AI infrastructure build-outs, including massive purchase commitments from OpenAI, further fueled the rally.

With expectations sky-high, some analysts argue the stock looks stretched. Morgan Stanley’s Joseph Moore maintained a “neutral” rating and $160 target, cautioning that Micron trades rich on book value and free cash flow, even if earnings look solid in the near term.

Even after the post-earnings dip, Micron’s stock is still up more than 30% this month.