Needham analyst N. Quinn Bolton has raised the price target on Micron Technology, Inc. (MU) to $450 from $380, while maintaining a Buy rating. This decision is based on sustained tightening in the memory market, leading to rising memory prices, and increased demand from hyperscalers for high-performance memory due to the shift towards larger reasoning models. Morgan Stanley also previously reiterated a Buy rating with a $450 target.
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Needham Raises Micron (MU) Target to $450, Maintains Buy Rating
Needham analyst N. Quinn Bolton has raised the price target on Micron Technology, Inc. (MU) to $450 from $380, while maintaining a Buy rating. This decision is based on sustained tightening in the memory market, leading to rising memory prices, and increased demand from hyperscalers for high-performance memory due to the shift towards larger reasoning models. Morgan Stanley also previously reiterated a Buy rating with a $450 target.