Micron Technology Slumps 4.96% in Two Days, Trading Volume Ranks 18th as Analysts Turn Bearish

On March 26, 2025, Micron Technology (MU) experienced a 2.18% decline, marking its second consecutive day of losses, with a total decrease of 4.96% over the past two days. The trading volume for the day was $2.527 billion, placing it 18th in the daily market rankings.

China Renaissance analyst Guohan Wang downgraded Micron Technology from a "buy" rating to a "hold" rating, setting a price target of $84.00 for the company. This change in outlook was reported on March 26, 2025, and reflects a shift in the analyst's sentiment towards the stock.

Additionally, Toshiya Hari from Goldman Sachs also downgraded Micron to a "hold" rating. This move by Goldman Sachs further supports the bearish sentiment surrounding the stock, as analysts express caution regarding its future performance.