Raymond James Maintains Outperform on Micron Technology, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has reaffirmed an Outperform rating on Micron Technology (NASDAQ:MU) and increased the price target from $90 to $100.
January 19, 2024 | 3:46 pm
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Micron Technology's Outperform rating is maintained by Raymond James, with a raised price target from $90 to $100, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a positive outlook on the company's future performance and can lead to increased investor confidence. This can result in a short-term uptick in the stock price as market participants may adjust their valuations based on the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100