The rally in Micron (MU) stock has been nothing short of a dream run. In the last 52-weeks, MU stock has returned almost 800%. The most important point about this rally is that it's not euphoria. It's purely based on fundamental developments for the company and industry.
It's therefore not surprising that ******* ysts remain bullish on Micron's stock. With Q3 results on June 24, Needham has reiterated its "Buy" rating for MU stock and increased the price target to $1,550. At the core of this bullish thesis is continued strength in the memory market and limited capacity additions. Recently, Deutsche Bank also raised Micron stock's price target to $1,500 with "AI-driven DRAM demand and pricing tailwinds" being the key factors.
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Micron Technology Earnings: Bull Put Spread Trade
Ahead of Micron Earnings, Here's What Barchart Data Says Comes Next for MU Stock
It's therefore not surprising that ******* ysts remain bullish on Micron's stock. With Q3 results on June 24, Needham has reiterated its "Buy" rating for MU stock and increased the price target to $1,550. At the core of this bullish thesis is continued strength in the memory market and limited capacity additions. Recently, Deutsche Bank also raised Micron stock's price target to $1,500 with "AI-driven DRAM demand and pricing tailwinds" being the key factors.
D-Wave Just Unveiled a Major Quantum Breakthrough. QBTS Stock Looks Ready for Another Surge.
Micron Technology Earnings: Bull Put Spread Trade
Ahead of Micron Earnings, Here's What Barchart Data Says Comes Next for MU Stock
4 months ago
