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Bank of America Raises Micron Price Target to $1,550

GuruFocus.com +1 ·

MU Micron Technology Inc
$1011.75 +4.13%
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  1. 1Bank of America's Vivek Arya maintains Buy on Micron Technology (MU) and raises price target from $1,250 to $1,550
  2. 2Implies roughly 50% upside from current levels; projects 2030 EPS of $200–$250 (exceeding the midpoint of $230)
  3. 3Based on Sandisk's IR day, sees greater potential for sustained profitability through supply discipline and AI demand than in the past

This 3-line summary is compiled from the report below.

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