Micron Stock ‘Should Get a Premium’ Due to AI Exposure, Analyst Says

Micron Stock ‘Should Get a Premium’ Due to AI Exposure, Analyst Says·Barrons.com
In this article:

Micron Technology stock was rising Friday ahead of its earnings report next week. Citi analyst Christopher Danely increased his price target on Micron to $150 from $95, which implies a 61% increase to the stock’s closing price on Thursday. ”We believe MU stock should get a premium given increasing AI exposure and other AI-exposed stocks such as AVGO and AMD have seen a 100% increase in their multiples,” Danely said in a research note.

Advertisement