Reported 2 days ago
Citi analyst Christopher Danely has upgraded Micron Technology Inc. (NASDAQ:MU) with a Buy rating and a new price target of $130, citing expectations of a stronger DRAM pricing environment. He forecasts a quarterly price increase of at least 5%, surpassing previous estimates, which is expected to bolster Micron's revenue and earnings for fiscal years 2025 and 2026. Despite ongoing geopolitical tensions, Danely's projections have increased due to improved market conditions, although competition and potential lawsuits pose risks.
Source: YAHOO