Market News / Story
Micron Stock Gets Jaw-Dropping Street High $3,000 Target -- Sees 195% Upside
GuruFocus ·
GuruFocus reports: Micron Technology (MU) received a sharp increase in its Wall Street valuation target Wednesday, with DA Davidson lifting its price objective to $3,000 from $2,100 as artificial-intelligence systems require more memory, according to a Wednesday brokerage note. The new target represents about 195% upside from Micron's $1,018 share price before the market opened. DA Davidson also kept its Buy rating on the stock. Analyst Gil Luria said Micron could remain on a multiyear…