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Micron Shares Fell 9% in a Week, yet Daiwa Securities Is Bullish on It, Predicting It Will Reach $1600: Memory Chip Architecture Restructuring and Valuation Divergence.
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Micron Technology's stock price is experiencing a rare extreme divergence—it has fallen by about 9% since last week, yet two institutions have raised their target price to above $1,600 within just a few weeks. As of Wednesday's close, the stock was at €780.20, down about 17% from its all-time high of €938.70 on June 3. The market is repeatedly tug-of-war between short-term sentiment and long-term narratives: on one hand, better-than-expected US …
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