Bullish
Micron's stock price target raised to $825 by Lynx Equity on capacity constraints
Lynx Equity has increased its price target for Micron Technology (MU) to $825, up from $700, citing extended capacity sell-outs and improved revenue visibility. The firm noted that Micron has sold out its High Bandwidth Memory (HBM) capacity through 2027, extending beyond previous guidance of capacity sold through 2026. Additionally, Micron's DDR5/lpDDR5 capacity may be sold out through 2027. This strong demand and capacity utilization have led to a significant rise in Micron's stock price, which currently trades at $421.32, up over 500% in the past year.
Key points
- Lynx Equity raises Micron's price target to $825, citing strong demand and capacity constraints.
- Micron's stock price reaches $421.32, up over 500% in the past year.
- Micron's DDR5/lpDDR5 capacity may be sold out through 2027.
Sources
AI-generated from public news sources. Not financial advice.
