Micron Stock Forecast: Top Analyst Lifts MU Price Target to Street-High $500 After Q1 Earnings
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Rosenblatt Securities analyst Kevin Cassidy raised his price target for Micron (MU) from $195 to $300 and maintained a Buy rating. This follows Micron's Q1 earnings of $4.78 per share and revenue of $13.64 billion, both exceeding expectations. Cassidy expects continued demand for memory to support prices through 2027, despite potential slower growth post-2027. He raised his 12-month price target to $500, implying over 100% upside. Cassidy is a top analyst with a 58% success rate and a 21.10% average return per rating.
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