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Micron just delivered the kind of quarter that should send a stock soaring, yet sellers showed up anyway. What the market's reaction reveals about where memory stocks go from here deserves a closer look.
Micron just posted a record quarter, analysts are raising price targets, and the stock still fell. The reason why reveals a deeper tension about where memory markets are actually headed.
Micron Technology (NASDAQ:MU) stock fell 1.72% to $1,046.79 despite record fiscal Q4 results and analyst price target increases. Goldman Sachs (NYSE:GS) raised its target to $1,250 from $1,100, Mizuho (NYSE:MFG) to $1,400, and Rosenblatt to $1,900, while Morningstar (NASDAQ:MORN) cut its fair value to $700 from $850.…