Here are some things going on today in your world of tech:Shares of DRAM and NAND memory-chip maker Micron Technology (MU) are up $2.40, or 9%, at $28.87, giving up some pre-market gains but holding onto last night’s gains from its better-than-expected fiscal Q2 results and blow-out Q3 forecast. Price targets are rising at several shops today.Shares of GameStop (GME) are down $2.79, or 12%, at $21.18, continuing last night’s losses, after the company reported fiscal Q4 revenue in line with consensus, and beat earnings expectations, but missed with its outlook for this year, citing weak video game software sales and console hardware discounting.The stock has gotten at least one downgrade today, from Merrill Lynch’s Curtis Nagle, who cut his rating to Neutral from Buy, and lowered his $28 price target to $24. - From Barrons
cuts her rating to Buy from Strong Buy, even though she raised her target to $165 from $150, writing that the company’s “profit metrics are higher than world class content companies such as Disney and CBS.” Shares of Adobe (ADBE) are up $1.86, or 1.5%, at $128.73, after Credit Suisse’s Michael Nemeroff raised his rating on the shares this boring to Outperform from Neutral, and raised his price target to $150 from $125, wiring that the company should see “continued momentum in its highly profitable Creative Cloud business” and that it should “lead to stronger than expected operating cash flows over the next few years.” I'm so glad Warren Buffett is helping to boost Apple.
The Wall Street sheep almost certainly have to acknowledge Buffett loading up on Apple stock.
Yeah, some nonsense about how everyone is going to be buying the iPhone X as though anyone knows much about this future iPhone.
I expect all the loose money to be thrown at the FANG stocks as usual.
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