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These Analysts Revise Their Forecasts On Micron After Q2 Results

1. Micron's Q2 revenue was $8.05 billion, beating estimates. 2. Adjusted earnings per share of $1.56 surpassed analyst expectations. 3. Micron anticipates Q3 revenue of $8.8 billion, above projected. 4. Despite strong results, shares fell 8% to $94.77 post-announcement. 5. Analysts adjusted price targets, with mixed ratings on MU.

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FAQ

Why Bullish?

Despite a share price drop, strong Q2 results and positive Q3 outlook indicate future growth, reminiscent of previous quarters where positive earnings were followed by long-term gains.

How important is it?

Positive earnings performance might catalyze interest among investors despite immediate price reactions; overall financial health is key.

Why Short Term?

Analyst price target adjustments and strong earnings typically influence stock performance in the short term, especially post-earnings.

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