BofA raised the firm’s price target on Micron to $125 from $110 and keeps a Buy rating on the shares after the company was able to deliver “beat/raise results” despite increasing macro headwinds on the back of solid data center demand, including continued growth in its AI-levered high-bandwidth memory, or HBM, sales. While BofA notes that it expects a softer fiscal Q2 on seasonality, overall it raised its FY25 and FY26 EPS estimates by 22% and 31% to $7.18 and $9.87, respectively.
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