.September 19, 2024 12:00:03 AM

Micron Technology, Inc. (NASDAQ:MU) is set to release its quarterly earnings report with analysts estimating an EPS of $1.1 and projected revenue of $7.66 billion. The market anticipates a potential 13% stock price move post-announcement, reflecting past volatility in Micron’s stock following earnings reports. Wells Fargo adjusted Micron’s price target to $175 from $190, maintaining an “overweight” rating, signaling recalibration of expectations. Micron’s financial metrics, including a price-to-sales ratio of 4.53 and a debt-to-equity ratio of 0.26, highlight investor sentiment and financial stability. Stakeholders eagerly await the upcoming earnings report to gauge Micron’s market trajectory.