Cantor Fitzgerald analyst C.J. Muse raised the firm’s price target on Micron to $180 from $150 and keeps an Overweight rating on the shares. Cantor expects Micron to post a solid beat and raise on June 26, with upside coming from both DRAM and NAND, with HBM likely an upside surprise as well, the analyst tells investors in a research note. The firm expects these trends to carry forward into the August quarter guide as well, leading to consensus estimates moving higher once again.
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:
- NVDA, ARM, C3.ai: AI Stocks Gain on CPI Optimism
- U.S. weighs more limits on China access to cutting-edge AI tech, Bloomberg says
- UBS Expects Gains from Micron (NASDAQ:MU), Keeps Buy Rating
- Micron partners with Clarity Credit Union to boost access to capital
- Micron Partners with Clarity Credit Union to Boost Access to Capital for Local Idaho Communities