Reported about 2 months ago
Following a recent conference, analysts have adjusted Micron Technology's stock price targets due to flat shipment forecasts for DRAM and NAND memory amid strong AI demand and changing market dynamics. While some firms maintain a buy rating, notable revisions were made, including Needham reducing its target to $140 from $150. Micron's CFO highlighted the company’s strong position in AI-driven products, despite a challenging outlook for non-AI markets.
Source: YAHOO