Micron Stock (MU): Price Target Raised to $300 As Earnings Estimate Jump
Micron Technology’s stock (NASDAQ:MU) has been on the move recently, up 12.50% over the past 5 trading days, and a mighty 175% since the start of the year.
MU bulls have been given a further boost today following Wolfe Research’s significantly increased price target, adding 50% to their previous mark, driven by surging demand for DRAM and NAND memory fueled by the rapid growth of artificial intelligence.
The new price target of $300, a substantial increase from the previous $200, signals strong confidence in Micron’s ability to capitalize on the burgeoning memory market. This revision comes as DRAM and NAND spot average selling prices have seen dramatic increases, soaring 4.5 and 2.5 times year-over-year, respectively. This…
