Barclays Maintains Overweight on Micron Technology, Raises Price Target to $145
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 $120 to $145.
May 13, 2024 | 6:08 pm
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Barclays analyst Tom O'Malley reaffirmed an Overweight rating on Micron Technology and raised the price target from $120 to $145, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Tom O'Malley suggests a strong confidence in Micron Technology's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100