TD Cowen Maintains Outperform Rating for Micron Technology: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
TD Cowen has reaffirmed its Outperform rating on Micron Technology (NASDAQ:MU) and increased its price target from $100.00 to $120.00. Micron's shares have risen 2.47% in the last 24 hours to $93.69. The new price target suggests a potential upside of 28.08%. Micron Technology is a leading semiconductor company, focusing on memory and storage solutions, with a global customer base.
March 15, 2024 | 5:00 pm
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TD Cowen maintains Outperform rating on Micron Technology, raising its price target from $100 to $120. Shares have increased 2.47% to $93.69, with the new target indicating a 28.08% potential rise.
The reaffirmation of the Outperform rating and the increase in price target by TD Cowen are strong positive signals for Micron Technology. The analyst's confidence in the stock, combined with a significant potential upside from the current price, suggests a bullish outlook for the short term. The recent share price increase further supports this positive momentum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100