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Micron Gets $2,000 Target as Memory Boom Continues
GuruFocus ·
GuruFocus reports: Micron Technology Inc. (MU, Financials), the memory-chip maker benefiting from the AI infrastructure buildout, could nearly double from its latest closing price if Susquehanna Financial Group's outlook proves right. Micron finished Monday at $1,063.96, down 1.2%, but the company kept its Positive rating and $2,000 price objective. The objective suggests an upside of over 88%. An ambitious profit prediction is the driving force behind the call. Susquehanna projects that…