BofA raised the firm’s price target on Micron (MU) to $250 from $180 and keeps a Neutral rating on the shares. The firm raised its estimates based on recent strong DRAM and NAND spot pricing trends, but contends that consensus already assumes a lot of the upside potential in FY26 and FY27.
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:
- Cautious Hold Rating on Micron Due to Balanced Risk-Reward and Market Dynamics
- Micron’s Favorable Outlook: Buy Rating Backed by Tightening Supply and Strong Revenue Growth
- The Week That Was, The Week Ahead: Macro & Markets, Dec. 7
- AI Daily: Senators aim to bar Nvidia from selling AI chips to China
- Applied Materials Stock (AMAT) Gets a Big Price Target Boost from Top-Rated Analyst