Micron Shares Surge as Analysts Revise Price Targets Upward

A flurry of bullish analyst commentary propelled Micron Technology’s stock higher at the end of a volatile week, shifting focus to the company’s long-term positioning in artificial intelligence infrastructure. The positive sentiment emerges despite recent strategic shifts that initially unsettled some investors.

Several prominent research firms issued updated assessments on Friday, contributing to a single-day share price increase of 4.69% to 203.70 euros. Wolfe Research generated significant attention with the most aggressive move, raising its price target substantially from $200 to $300 per share. This now stands as the highest target on Wall Street for the memory chip maker. Analysts at the firm cited unexpectedly strong pricing power and rising server demand as Read more...