Micron (MU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts at Stifel have raised their price target on Micron's (MU) stock. Driven by the growing tailwinds of AI demand, Stifel has raised Micron's price target to $165, up from the previous $140, citing the company's high-bandwidth memory offerings as a potential catalyst. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Shares of memory chips maker Micron (NYSE:MU) jumped 5.9% in the morning session after Bank of America analyst added the company to its US 1 List, noting that it is a "top US memory company." The analyst also raised Micron's price target from $144 to $177. Bank of America explained that "the emerging market for AI features on-device, aka Edge AI ...will slowly but steadily supplement core or data center AI hardware" and "the two most important beneficiaries of Edge AI will be manufacturers of co