Micron Technology's Earnings Report: What to Expect

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Micron Technology, Inc. (MU) is set to release its third-quarter fiscal 2024 earnings report on Jun. 28, 2024, after market close. The company's stock price has been fluctuating in recent months, and investors are eager to see how it has performed during the quarter.

Analysts' Price Targets

Based on short-term price targets offered by 26 analysts, the average price target for Micron comes to 147.65 USD. This suggests that analysts are generally optimistic about the company's prospects.

Recent Stock Performance

Micron's stock price has been on a downward trend in recent weeks. On Jun. 24, 2024, the stock closed at 139.01 USD, down 0.53 USD (-0.38%) from its previous close. The stock has also underperformed the Nasdaq Composite Index, which has gained 3.5% over the same period.

What to Watch For

In the company's earnings report, investors will be watching for:

• Revenue growth
• Earnings per share
• Gross margin
• Operating expenses
• Net income

Investors will also be interested in hearing management's comments on the company's outlook for the coming quarters.