Micron's stock surges after Deutsche Bank analyst says its time to buy [MarketWatch]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: MarketWatch
Shares of Micron Technology Inc. rallied 2.5% in premarket trading Tuesday, after Deutsche Bank analyst Sidney Ho upgraded the memory chip maker, citing signs suggesting DRAM demand has picked up in both mobile and server markets. Ho raised his rating to buy from hold, and boosted his stock price target by 20%, to $60 from $50. "While we acknowledge that there are risks that the recent demand strength is driven by inventory accumulation, we nonetheless believe it will help lessen the seasonal soft demand in the first half of CY21," Ho wrote in a note to clients. "In addition, with DRAM suppliers showing willingness to cut back on capital spending, there is a belief among key smartphone and server OEMs that supply could tighten again in the second half of CY21, which should lead to price stabilization earlier that we previously expected." Ho said he believes the risk-versus-reward outlook is now skewed more positive, as the risk of significant estimate cuts has been substantially reduc
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MU
News
- Micron Delivers Crucial LPCAMM2 with LPDDR5X Memory for the New AI-Ready Lenovo ThinkPad P1 Gen 7 WorkstationGlobeNewswire
- Is Micron Technology Stock Going to $150? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]Yahoo! Finance
- Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Air and more [CNBC]CNBC
- Micron upgraded, Peloton downgraded: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
- Micron Technology, Inc. (NASDAQ: MU) was upgraded by analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating. They now have a $150.00 price target on the stock, up previously from $115.00.MarketBeat
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 5/6/24 - Form 144
- 5/3/24 - Form 4
- 5/2/24 - Form 4
- MU's page on the SEC website