UBS Maintains Buy on Micron Technology, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri has reaffirmed a Buy rating on Micron Technology (NASDAQ:MU) and increased the price target from $76 to $90, indicating a positive outlook on the company's stock.
December 11, 2023 | 2:22 pm
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UBS analyst Timothy Arcuri maintains a Buy rating on Micron Technology and raises the price target from $76 to $90, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Timothy Arcuri from UBS typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100