TD Cowen Lifts PT on Micron Technology (MU) to $500 From $450 – Here’s Why

Micron Technology, Inc. (NASDAQ:MU) is one of the best ethical companies to invest in now according to Reddit. On March 16, TD Cowen lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $500 from $450 and maintained a Buy rating on the shares. The firm told investors that it updated its model ahead of the company’s fiscal Q2 earnings, where a strong beat is expected. TD Cowen also said that while it continues to see upside to the buy-side view even after earnings, the majority of the long-term stock returns could be driven by re-rating.

Micron Technology, Inc. (NASDAQ:MU) also received a rating update from RBC Capital the same day. The firm raised the price target on the stock to $525 from $425 and maintained an Outperform rating on the shares. It told investors in a research note that structural memory drivers are playing a much larger role in the current supercycle. These include HBM, or high-bandwidth memory, and DDR/eSSD demand in data centers. RBC Capital sees room for multiple expansions as sustainability becomes apparent.

Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).

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