JPMorgan raised the firm’s price target on Micron (MU) to $185 from $165 and keeps an Overweight rating on the shares. The company issued a positive preannouncement on a strengthening pricing environment, the analyst tells investors in a research note. The firm sees Micron as well positioned for fiscal 2026.
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:
- Micron’s Strong DRAM Pricing and Strategic Positioning Drive Buy Rating
- Micron’s Hold Rating: Balancing DRAM Strength and Commodity Concerns Amid AI Market Dynamics
- Micron price target raised to $155 from $150 at Deutsche Bank
- Positive Outlook for Micron: Buy Rating Backed by Strong Revenue Potential and Market Dynamics
- MU Earnings: Micron Stock Leaps on Guidance Update