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Micron Downgraded to Sell After 150% Surge in Two Months; Spotify Upgraded to Buy

2026-06-28 04:37:04

According to Seeking Alpha, analyst Andres Veurink downgraded Micron Technology to 'sell' on June 28, citing overheating AI enthusiasm and a 150% stock surge in two months. Veurink noted that current high profit margins are unsustainable and long-term supply contracts will cap price gains, while memory supply is projected to rise 38% by 2030.

Meanwhile, analyst The J Thesis upgraded Spotify to 'buy' from 'hold', noting the streaming giant's stock has fallen 21% over six months and is positioned to benefit from market growth if it maintains market share.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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