Micron Technology stock was added to the channel on 30.06.2021.
On the day it was published in the channel, the company released its earnings report for the second quarter of 2021.
In the report, the company beat estimates, both in revenue and earnings per share.
The stock price has since fallen by about 7.5%.
I have attached the target prices given to the company one day after the earnings.
Note, the analysts who provided the target prices in the image are very highly-rated analysts from large and reputable investment houses.
The analysts' target prices are presented here for the first time and reflect an average upside of about 47%.
This is a value investment that published good earnings, and its future also looks excellent.
Technically, the company, after an impressive rally of about a week in which it rose about 12% (the week before earnings), corrected to the 0.618 Fibonacci level. It completed the correction with a hammer candle and now appears to be continuing upwards.
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