JP Morgan Maintains Overweight on Micron Technology, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur has maintained an Overweight rating on Micron Technology (NASDAQ:MU) and increased the price target from $90 to $105. This adjustment reflects a positive outlook on the company's future performance.
December 21, 2023 | 12:19 pm
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JP Morgan's analyst Harlan Sur has reaffirmed an Overweight rating on Micron Technology and raised the price target to $105, indicating a strong confidence in the company's prospects.
The increase in price target by a reputable analyst like Harlan Sur from JP Morgan is a strong signal to the market, suggesting a belief in Micron Technology's potential for growth and profitability. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as market sentiment is influenced by such analyst ratings and price target adjustments.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100