Market News / Story
MU Stock Adds 3% As D.A. Davidson Forecasts Stock Value To Triple On Valuation Play
Stocktwits ·
Stocktwits reports: Investment firm D.A. Davidson has significantly raised its price target on Micron Technology Inc. (MU) to $3,000 per share, up 43% from its previous target of $2,100, while maintaining a ‘Buy’ rating. The updated forecast represents a projected 187% gain from the stock's Tuesday close. The revision comes despite Micron's already remarkable rally, during which the equity jumped 463% over the trailing 12 months. D.A. Davidson analyst Gil Luria noted following executive…