Barclays analyst Tom O’Malley raised the firm’s price target on Micron (MU) to $675 from $450 and keeps an Overweight rating on the shares following last night’s earnings report. Micron guided revenue 42% above consensus with gross margins guided to 81%, the analyst tells investors in a research note. Barclays says this has “fundamentally changed” its model. The firm now estimates over $100 in earnings per share for Micron in 2027.
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