Analysts Lift Micron Price Targets Ahead of Quarterly Earnings
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Analysts are optimistic about Micron Technology ahead of its fiscal first quarter earnings, raising price targets due to improving memory market conditions. Wedbush's Matt Bryson increased the target to $300, citing stronger supply-demand balance and rising DRAM and NAND costs. Stifel's Brian Chin also raised his target to $300, noting better-than-expected profits. Rosenblatt's Kevin Cassidy reiterated a $300 target. Micron's EPS is expected to rise from $1.79 to $3.96, with sales up 48% to $12.9 billion, driven by demand in data centers, AI, and consumer devices.
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