Micron Technology shares are trading higher after Mizuho reiterated its a Buy rating and raised its price target from $124 to $130.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology's stock is trading higher following Mizuho's reiteration of a Buy rating and an increase in the price target from $124 to $130.
March 26, 2024 | 4:33 pm
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POSITIVE IMPACT
Micron Technology's stock price is expected to experience a positive short-term impact due to Mizuho's upgraded price target and continued Buy rating.
Analyst ratings and price target adjustments are significant indicators for stock performance. Mizuho's decision to raise the price target for Micron Technology from $124 to $130 while maintaining a Buy rating is a strong positive signal to the market, suggesting confidence in the company's future performance. This typically leads to increased investor interest and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100