Analyst sets Micron stock price target for the next 12 months

Barclays raised its price target on Micron to $1,175 from $675 while reiterating an Overweight rating, signaling materially improved expectations for the stock. The move came as Micron shares surged 20%, reinforcing positive sentiment around the company’s outlook and the broader technology memory cycle.

Analysis

Barclays raised its price target on Micron to $1,175 from $675 while reiterating an Overweight rating, signaling materially improved expectations for the stock. The move came as Micron shares surged 20%, reinforcing positive sentiment around the company’s outlook and the broader technology memory cycle.