BMO Capital Maintains Outperform on Micron Technology, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ambrish Srivastava has maintained an Outperform rating on Micron Technology (NASDAQ:MU) and increased the price target from $80 to $90.
December 18, 2023 | 2:30 pm
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BMO Capital analyst Ambrish Srivastava has reaffirmed an Outperform rating on Micron Technology and raised the price target to $90, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong conviction in the company's future performance. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100