RBC Capital initiated coverage of Micron (MU) with an Outperform rating and $425 price target The firm expects DRAM supply tightness to persist into 2027 and sees $50-plus in peak EPS potential, the analyst tells investors. The firm also sees “a credible case” for cycle-to-cycle multiple expansion given the secular HBM mix, the analyst added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Booming Micron Stock Enters Uncharted Nosebleed Territory, Says Investor
- Micron price target raised to $450 from $350 at Cantor Fitzgerald
- Here’s Why Wolfe Added Nvidia Stock (NVDA) to its ‘Alpha List’
- KeyBanc, Bank of America Boost Micron (MU) Stock Price Targets. Here’s Why
- Wells says new DRAM fab plans not altering tight supply outlook through 2027