Stifel raised the firm’s price target on Micron (MU) to $300 from $195 and keeps a Buy rating on the shares. Further strengthening in AI infrastructure demand has “proven a tipping point” and memory prices are “rallying hard” into year-end, notes the analyst, who expects Micron to report and guide for meaningful upside to its fiscal Q1 results and Q2 outlook next week. Profit and bit optimization amid sustained positive industry conditions keep the firm positive on Micron, the analyst tells investors in a preview.
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