Gil Luria Raises Micron Price Target to $3,000, Maintains Buy Rating
MU Micron Technology Inc
$1088.00 +4.06%
View chart & analysis → - 1Gil Luria raised his price target for Micron from a previous $2,100 per share to a new $3,000 per share.
- 2Micron aims to secure approximately 50% of its revenue through long-term supply agreements (SCA) through the 2030 period.
- 3While Micron currently trades at 6 times its projected fiscal year 2027 earnings, Gil Luria applied a target multiple of 19 times its projected fiscal year 2027 earnings.
So what's the key point?
Gil Luria raised the price target for Micron to $3,000, expecting the stock price to rise further. This reflects Micron's plan to secure revenue through long-term contracts.
Source CNBC · View original ↗
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