UBS raised the firm’s price target on Micron (MU) to $155 from $120 and keeps a Buy rating on the shares. Micron delivered against HBM revenue and gross margin, both of which were in-line to a little better than bogeys, the analyst tells investors in a research note. UBS thinks HBM will create more durability and stability and allow Micron to keep moving margins higher.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Micron price target raised to $145 from $130 at Stifel
- Micron price target raised to $150 from $130 at Citi
- Micron price target raised to $140 from $95 at Barclays
- Micron price target raised to $160 from $135 at KeyBanc
- Micron’s Mixed Outlook: Positive Developments Amidst Uncertainties Justify Hold Rating