TD Cowen sees upside for Micron (MU) toward $60 in earnings per share in 2026, above the firm’s prior bull case of $50. This opens the door for a $600 stock price over time, the analyst tells investors in a research note. Micron closed Friday up $11.80 to $394.69. The tightness in the DRAM market will last for multiple years, the analyst tells investors in a research note. The firm expects a “gradual re-rating path” toward 12-times earnings on a “normalized” $50 per share earnings power.
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