Micron (MU) is a company that makes computer chips. Wells Fargo, a big bank, just changed its prediction for how much Micron's stock will be worth. They think it might go up, but not as high as they thought before.
They lowered their prediction because they think Micron's earnings (the money they make) will be less than expected in the next few months. This is mainly due to slower sales of some of their products.
But, they still think Micron stock is a good investment for the long term (middle of 2025).
- Wells Fargo lowered its price target for Micron stock.
- They expect lower earnings for Micron in the next two quarters.
- They still believe Micron is a good investment in the long run.
| Item | Old Prediction | New Prediction |
|---|---|---|
| Micron Stock Price | $140 | $130 |
| Q2 Earnings Per Share (EPS) | $1.46 | $1.42 |
| Q3 Earnings Per Share (EPS) | $1.63 | $1.30 |
