Wells Fargo Maintains Overweight on Micron Technology, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers has maintained an Overweight rating on Micron Technology (NASDAQ:MU) and increased the price target from $82 to $95.
December 21, 2023 | 2:35 pm
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Wells Fargo analyst Aaron Rakers reaffirms an Overweight rating on Micron Technology and raises the price target to $95, indicating a positive outlook on the stock.
The increase in price target by a major financial institution like Wells Fargo typically signals a strong bullish sentiment on the stock, suggesting that the analyst sees potential for growth and positive performance in the near term. This can often lead to increased investor confidence and a potential rise in the stock price as the market reacts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100