Micron rises as brokerages raise PTs on AI-driven memory demand

Memory chipmaker Micron Technology's MU.O shares rise 2.5% to $243.13 premarket

Susquehanna raises PT to $300 from $200 — implying an upside of 26.5% to the stock's last close — on stronger expected avg selling prices for dynamic random access memory and flash memory, driven by tight supply from heavy hyperscaler allocations

BofA raises price objective to $250 from $180, implying an upside of 5.4% to the stock's last close, saying MU can benefit from a more durable AI-driven memory demand cycle, a more disciplined capacity and long-term contracts

Average rating of 46 analysts is "buy," their median PT is $210 - data compiled by LSEG

Up to last close, stock has nearly tripled this year