Micron Stock Plunges After Company Cuts Outlook, Analysts Raise Concerns

Key TakeawaysMicron Technology shares tanked Thursday after the chipmaker warned about near-term demand issues.Bank of America analysts lowered their rating on Micron's stock and cut their price target, while Citi lowered its estimates for Micron's fiscal 2025 and 2026 earnings and revenue.The shares recently traded around their lowest levels since September. Micron Technology (MU) shares sank Thursday after the chipmaker warned about softness in consumer-oriented markets and some analysts lowered their ou ...