DA Davidson Reaffirms Buy on Micron, $2,000 PT
DA Davidson analyst Gil Luria reiterated a Buy rating and $2,000 price target on Micron Technology (NASDAQ: MU).
“After thoroughly impressing investors last quarter with growth and long-term contracts, Micron has an opportunity to build on success and drive home their importance to the growth of AI infrastructure.
In many investor conversations, we are encountering consistent push-back that we attempt to address…We expect Micron to report upside to estimates on Wednesday and leverage the momentum to close the valuation gap.
We reiterate our BUY rating and $2,000 target, a 13x multiple to NTM EPS.”
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