Micron price target raised to $120 from $100 at Needham

Needham raised the firm’s price target on Micron to $120 from $100 and keeps a Buy rating on the shares. The company reported a “very strong” Q4 earnings beat as the memory market inflects higher across the board, the analyst tells investors in a research note. Needham adds that based on the management’s data center commentary, its 2025 server unit shipment forecast feels conservative., while the PC and Mobile outlook also remains strong.