Susquehanna raised the firm’s price target on Micron to $185 from $143 and keeps a Positive rating on the shares. The firm raised estimates across the board and into 3QFY24 earnings to reflect increased confidence on blended DRAM/NAND pricing trends. However, they remain uncertain on bit shipment upside given lack of clean room space, which consequently helps ASP upside and is viewed as structurally positive.
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