Micron Technology up; Wedbush lifts PT to $300

Shares of memory chipmaker Micron Technology MU.O up 2.8% at $247.90 premarket

Brokerage Wedbush raises PT on MU to $300 from $220, implying an upside of 24.4% to stock's last close

Wedbush lifts PT as improving memory industry conditions in recent months position co to benefit from a sharper lift in the average selling price than previously anticipated

We’re raising our quarterly estimates slightly above the high-end of MU’s initial forecast, but we would not be surprised if our revised model proves overly conservative, brokerage says

39 of 46 brokerages covering the stock recommend a rating of "buy" or higher, 6 recommend "hold", while 1 recommends "sell"; stock has a median PT of $250, according to LSEG-compiled data

As of last close, MU had nearly tripled YTD