Neutral
TD Cowen maintains 'Buy' rating for Micron amid ongoing supply constraints
TD Cowen has reiterated its 'Buy' rating for Micron Technology, setting a price target of $1,600. The firm highlighted persistent supply constraints and strong demand, noting that Micron's supply tightness is expected to continue beyond 2027. Despite the stock's significant surge over the past year, TD Cowen maintains confidence in Micron's financial health and growth prospects.
Key points
- TD Cowen reaffirms 'Buy' rating and $1,600 price target for Micron.
- Supply constraints are expected to persist beyond 2027, according to TD Cowen.
- Micron's stock has surged over 700% in the past year, trading at $975.
- TD Cowen maintains confidence in Micron's financial health despite stock surge.
Sources
AI-generated from public news sources. Not financial advice.
