Barclays analyst Tom O’Malley raised the firm’s price target on Micron (MU) to $140 from $95 and keeps an Overweight rating on the shares following last night’s earnings report. The firm says high bandwidth memory demand remains robust while NAND remains challenged.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Micron price target raised to $160 from $135 at KeyBanc
- Micron’s Mixed Outlook: Positive Developments Amidst Uncertainties Justify Hold Rating
- Micron’s Strategic Positioning and Innovations Drive Buy Rating Amid AI-Driven Market Growth
- Micron Technology Reports Record Revenue Growth
- Closing Bell Movers: Micron surges on earnings, retreats on call comments