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Stock impact report

TD Cowen Sees Durability Driving Next Phase for Micron Technology (MU) [Yahoo! Finance]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Company Research Source: Yahoo! Finance
TD Cowen Sees Durability Driving Next Phase for Micron Technology (MU) On April 28, TD Cowen analyst Krish Sankar raised the firm's price target on Micron Technology, Inc. (NASDAQ:MU) to $660 from $550 and kept a Buy rating on the shares. The firm said the “next leg for the stock is more about durability than earnings upside.” TD does not see much upside to its 2027 earnings per share estimate of $110 for Micron. The analyst said the company's story is shifting, moving away from earnings upside and toward durability. He added that the stock can continue to perform as long as there are signs of demand that support that durability view. On April 27, Melius Research analyst Ben Reitzes initiated coverage of Micron Technology with a Buy rating and a $700 price target. The firm sees memory companies as central to its AI coverage. It said memory names align closely with AI semiconductors, AI hardware, and hyperscalers. Melius believes the AI memory cycle could extend through the end of Show less Read more
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