"Stifel's Upgrade Sends Micron Stock Soaring as Analysts Tout AI Potential"
TL;DR Summary
Stifel analysts upgraded Micron Technology to a Buy rating with a price target of $120 per share, diverging from Wall Street's 2025 estimates and citing the company's potential for exponential growth in memory storage and AI hardware. The stock rose 3% following the upgrade, with Stifel highlighting Micron's strong position in the DRAM industry and AI demand, while Mizuho expressed concerns about the rally in chip stocks.
Topics:business#ai-hardware#chip-industry#financestock-market#micron-technology#stifel#stock-upgrade
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