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wells fargo maintains overweight rating on micron with price target of 130

Wells Fargo has maintained an Overweight rating on Micron Technology with a price target of $130, following a TrendForce report indicating price increases due to rising demand and tighter market conditions. Micron's stock is currently trading below its Fair Value, with analysts projecting price targets between $75 and $200, highlighting significant upside potential. The company reported a revenue growth of over 50% in the February quarter, driven by its High Bandwidth Memory products, and anticipates a gross margin of 36.5% for the upcoming quarter, reflecting strong demand in the Data Center sector.
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United States Dollar Samsung Biologics Co.,Ltd. SANDISK CORP SK hynix Inc. Micron Technology, Inc. USA Show more
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