Bullish
Micron's stock price target raised to $825 by Lynx Equity on capacity expansion.
Lynx Equity has increased its price target for Micron Technology (NASDAQ: MU) to $825 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.
Key points
- Lynx Equity raises Micron's price target to $825, citing capacity sell-outs.
- Micron's DDR5/lpDDR5 capacity may be sold out through 2027.
- Micron's HBM capacity sold out through 2027, extending beyond previous guidance.
Sources
AI-generated from public news sources. Not financial advice.
