Thursday's analyst calls: Micron earnings reaction, oil giant gets an upgrade

Micron Technology issued in-line revenue guidance, sending its shares lower in the premarket. Several analysts reacted to the company's forecast and latest quarterly figures. Meanwhile, Bank of America upgraded shares of Petrobras to buy. Check out the latest calls and chatter below. All times ET. 5:45 a.m.

"We see the stock's recent pullback, if anything, as an opportunity to add to positions as we continue to envision a) growth in AI compute initially in the core data center but ultimately at the edge, b) market share gains for Micron in the lucrative High-Bandwidth Memory market, and c) supply-side discipline on the part of Micron and its peers, driving positive EPS revisions through the end of CY2024 and into CY2025," Hari said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Micron Post-Earnings Selloff Highlights Risks That Come With Sky-High AI HopesStocks Analysis by Investing.com (David Wagner) covering: Micron Technology Inc. Read Investing.com (David Wagner)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

European stocks muted; Micron hits sentiment ahead of key US inflation releaseEuropean stocks muted; Micron hits sentiment ahead of key US inflation release
Source: Investingcom - 🏆 450. / 53 Read more »