Micron price target raised to $550 from $325 at Lynx

Lynx raised the firm’s price target on Micron (MU) to $550 from $325 and keeps a Buy rating on the shares. The firm says memory suppliers “have little choice but to invest heavily” to meet the “extraordinary demand” coming from inference AI infrastructure growth. It sees Micron shares moving higher as investors shift from valuing the stock on memory spot prices to its “sustainable valuation based of earnings power.”