Micron rises as Bernstein lifts PT on improved memory chip outlook
ReutersJun 24, 2025 2:25 PM
Chipmaker Micron's shares MU.O rise 3.7% to $125.55
Brokerage Bernstein raises PT to $140 from $120; maintains "outperform" rating
New PT implies more than 14% premium to stock's last close
Brokerage raises industry projections for High Bandwidth Memory chips revenue based on rising AI demand; sees record industry profits
MU to report earnings for Q3 on Wed
Co is expected to report a 30.3% increase in revenue to $8.872 billion from $6.81 billion a year ago, according to estimates compiled by LSEG
34 brokerages rate the stock "buy" and higher, six "hold" and one "sell"; median PT is $130 - LSEG
Stock is up 49% YTD, including session's gains
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