Wall Street Analysts Rally Behind Micron Stock Ahead of Earnings

A significant wave of analyst optimism has swept through Wall Street regarding Micron Technology, with seven major investment banks substantially raising their price targets for the memory chip leader in a matter of days. The new forecasts, ranging from $175 to $200 per share, suggest a potential upside of up to 25% from recent trading levels. This surge in confidence arrives just before the company’s quarterly earnings report scheduled for Monday.

The catalyst for this bullish sentiment is Micron’s strategic position at the heart of the artificial intelligence revolution. The company’s High-Bandwidth Memory (HBM) products and advanced DRAM solutions are considered essential components for AI data centers and machine learning applications, driving exceptional demand.

Susquehanna initiated this series of... Read more...