PSI - Micron's Stock Soars As Analysts Forecast Strong AI And DRAM-Driven Earnings | Benzinga
Micron Technology, Inc (NASDAQ:MU) shares are trading higher after Citigroup and TD Cowen analysts raised their price targets on the stock.
Citigroup analyst Christopher Danely reiterated Micron Technology with a Buy and raised the price target from $95 to $150.
Micron is scheduled to report its second-quarter fiscal 2024 results on March 20.
The analyst expects the company to post an upside to Consensus and increased guidance for the third quarter, given strong DRAM pricing and shipments of higher-priced, higher-margin, High Bandwidth Memory (HBM), ...