Wall Street Analysts Warn Micron and Intel Face 44-60% Downside as Stocks Rally

According to The Motley Fool, Morningstar analyst William Kerwin set Micron's price target at $500 per share, implying 44% downside from the current price of $898, while JPMorgan analyst Harlan Sur set Intel's target at $45, suggesting 60% downside from $115. Despite Micron and Intel shares surging 228% and 192% respectively this year, analysts argue valuations have become severely stretched. Kerwin cited memory chips as commodity-like products vulnerable to supply-demand cycles and long-term price declines, while Sur flagged Intel's execution risks, weak foundry business performance, and concerns over dividend sustainability. The median price target across 50 analysts tracking Micron stands at $660, still 26% below current levels.
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