Micron is a Strong Buy with improved operating results and room for growth in the memory cycle upswing. See why MU stock is buy rated.

Micron Technology (NASDAQ: MU) stock fell 3.9% through 10:30 a.m. ET Monday morning after investment bank Morgan Stanley dramatically slashed its price target on the computer memory maker. Up until today, Morgan Stanley had been saying Micron stock was worth $140 a share. Now, the banker believes Micron may be worth as little as $100.

Stock analysis is all about predictions – but as wits from Mark Twain to Yogi Berra have reminded us, predictions are hard, especially when

While many large-cap semiconductor stocks are outperforming the broader equities market in 2024, Micron Technology (MU) is trailing its peers by a wide margin. Valued at $96.7 billion by market cap, Micron stock is down 44% from the record highs above $157 set this past June.