These Analysts Revise Their Forecasts On Micron After Q2 Results

Financial Performance - Micron Technology Inc reported second-quarter revenue of $8.05 billion, exceeding the consensus estimate of$7.89 billion and up from $5.82 billion year-over-year [1] - The company reported adjusted earnings of$1.56 per share, surpassing analyst estimates of $1.42 per share [1] Future Guidance - Micron expects third-quarter revenue of$8.8 billion, with a variance of plus or minus $200 million, compared to estimates of$8.49 billion [2] - The company anticipates third-quarter adjusted earnings of $1.57 per share, with a variance of plus or minus 10 cents, versus estimates of$1.47 per share [2] Analyst Ratings and Price Targets - Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating and raised the price target from $91 to$112 [4] - Rosenblatt analyst Kevin Cassidy maintained a Buy rating but lowered the price target from $250 to$200 [4] - Baird analyst Tristan Gerra maintained an Outperform rating and raised the price target from $130 to$163 [4] Market Reaction - Following the earnings announcement, Micron shares fell 8% to trade at $94.77 [2]