Wedbush raised the firm’s price target on Micron (MU) to $300 from $220 and keeps an Outperform rating on the shares ahead of the company’s earnings report due this Wednesday. Better memory conditions through the past few months have set up Micron to benefit from a sharper lift in average selling prices than the firm had previously anticipated, the analyst tells investors in a preview.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- ‘A Major Win for Big Tech,’ Wedbush Analyst Daniel Ives Says of Trump’s AI Executive Order
- Micron Stock (MU) Forecast: Top Analyst Bumps Price Target to $300 Ahead of Earnings
- Top Analyst Sees ‘Meaningful Upside’ to Micron’s Q1 Results, Lifts MU Stock Price Target
- Is Micron Stock (MU) a Buy Ahead of Q1 Earnings?
- The Week That Was, The Week Ahead: Macro & Markets, Dec. 14