Micron's Bright Future: Analyst Boosts Price Target
Update: 2025-11-10
Description
Micron Technology shares surged by over four percent in premarket trading on November tenth, following optimistic comments from Mizuho Securities. Analyst Vijay Rakesh maintained his Outperform rating and set a price target of $265, citing strong demand for high bandwidth memory (HBM) and potential improvements in DRAM revenue and profit margins. Rakesh also noted that restrictions on Chinese manufacturing capacity could benefit Micron through 2027 and 2028, and expressed enthusiasm for the companys future plans in HBM for AI and custom solutions.
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