Mizuho Maintains Buy on Micron Technology, Raises Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Buy rating on Micron Technology (NASDAQ:MU) and increased the price target from $105 to $124, indicating a positive outlook on the company's future performance.

March 21, 2024 | 1:20 pm
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Mizuho analyst Vijay Rakesh has reaffirmed a Buy rating on Micron Technology and raised the price target to $124 from $105, signaling confidence in the company's future growth.
The increase in price target by a reputable analyst like Vijay Rakesh suggests a strong bullish sentiment towards Micron Technology. This endorsement is likely to instill confidence among investors, potentially driving up the stock price in the short term. The adjustment in price target reflects an expectation of higher future earnings or performance improvements, which can be a significant positive signal to the market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100