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Updated · Seeking Alpha · Jul 8Analyst Upgrades Micron After Q3 Earnings as Share Drop Opens Entry
3 articles · Updated · Seeking Alpha · Jul 8Summary
- Micron drew a rating upgrade after its third-quarter results restored the analyst’s confidence and a recent pullback made the stock more attractive.
- Q3 earnings were the key catalyst, with the analyst saying the report changed their view enough to reverse an earlier stance on the shares.
- The call also leaned on valuation: the post-earnings share decline created what the analyst saw as a better entry point for MU.
- The report was published as an opinion piece with the author disclosing a beneficial long position in Micron shares or related derivatives.
Insights
After a 700% surge, why is Wall Street still undervaluing Micron's stock compared to its rivals? Can Micron's US expansion solve the global AI chip shortage before it stalls innovation?