Barclays Maintains Overweight on Micron Technology, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on Micron Technology (NASDAQ:MU) and increased the price target from $95 to $120.
March 18, 2024 | 10:32 am
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Barclays has maintained an Overweight rating on Micron Technology and raised the price target from $95 to $120.
The upgrade in the price target by a reputable analyst like Tom O'Malley at Barclays is a strong positive signal for Micron Technology. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100