MU - What's Going On With Micron's Stock? | Benzinga
Micron Technology, Inc. (NASDAQ:MU) shares are trading lower Friday as the recent rally in semiconductor and AI-related stocks takes a breather. Here's a look at the details.
What To Know:
Bloomberg reported Thursday Micron faces construction delays after it discovered two endangered North American bat species living in White Pine Commerce Park during an environmental review of the prospective factory site in New York. The company will have to wait until the bats migrate in November to begin cutting trees and groundbreaking on the new factory site has been pushed to 2025.
Several analysts raised price targets on Micron this week:
- B of A Securities analyst Vivek Arya maintained Micron with a Buy and raised the price target from $144 to $170.
- Susquehanna maintained a Positive rating and raised its price target from $143 to $185.
- Cantor Fitzgerald maintained Micron with ...