Analysts across the Street are hiking outlooks for Micron despite its post-earnings fall. Here’s why

A memory and storage solutions company fell in premarket trading Thursday (magnitude not stated), but analysts say the outlook for the stock is stronger than before. Analyst optimism suggests underlying fundamentals or forward expectations have improved and could support a recovery despite short-term selling pressure.

Analysis

A memory and storage solutions company fell in premarket trading Thursday (magnitude not stated), but analysts say the outlook for the stock is stronger than before. Analyst optimism suggests underlying fundamentals or forward expectations have improved and could support a recovery despite short-term selling pressure.