Raymond James Maintains Outperform Rating for Micron Technology: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has reaffirmed its Outperform rating on Micron Technology (NASDAQ:MU) and increased its price target from $76.00 to $82.00. Micron's shares have risen 1.76% in the last 24 hours to $77.46. The new price target suggests a potential upside of 5.86%. Micron is a major semiconductor company, focusing on DRAM and NAND flash chips, serving various markets including data centers and mobile phones.
November 29, 2023 | 5:00 pm
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Raymond James maintains Outperform rating on Micron Technology with a raised price target from $76 to $82, indicating a potential 5.86% upside from the current price.
The reaffirmation of the Outperform rating and the increase in price target by Raymond James are positive signals for investors, suggesting confidence in Micron's future performance. This could lead to increased investor interest and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100