Raymond James Maintains Outperform on Micron Technology, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Micron Technology (NASDAQ:MU) and increased the price target from $76 to $82.
November 29, 2023 | 12:37 pm
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Raymond James analyst Srini Pajjuri reaffirmed an Outperform rating on Micron Technology and raised the price target to $82, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish perspective on the stock, suggesting that the company's fundamentals or market position may have improved or are expected to improve. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100