Forecast came false

Buy Micron Technology (MU) on the Dip
2 july

Earnings Beat, check

Revenue Beat, check

Bullish Guidance, check

Stock falls 5.12% on June 30.

That's Micron Technology for you.

Analysts are bullish on MU stock. This is a contrarian sign and a warning to investors. They are behind the curve. 

DB has a $37 PT on MU stock.

GS raised the MU stock by a paltry $3.00 to $33/share.

Cowen has a $40 PT.

The consensus EPS estimate for MU this year is a comfortable $4.77 a share.

Related: Intc is on a downtrend and could close at a new low soon. AMD and Nvidia are also correcting. Yet NVDA is not a stock to short-sell.

MU's uptrend is intact. Buy.

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Answered:
24 people

Buy Micron Technology (MU) on the Dip

Agreed
22 people
Disagreed
2 people

Forecast came false

MU stock is DOWN 9% in the last month.