Wall Street Is Still Betting on a Memory ‘Super-Cycle.’ Should You Buy MU Stock Here?

Micron Technology (MU) is a stock that is experiencing one of those periods where investors simply cannot turn away. RBC Capital Markets increased their target price for the memory leader to $525 a share from $425 while reiterating an “Outperform” rating. This is a major call, and it comes at a time when Micron Technology stock is already trading at fresh highs. It is easy to see why this is such an optimistic call. Data centers are now the driving force behind memory demand growth, especially as high-ba ...

Wall Street Is Still Betting on a Memory ‘Super-Cycle.’ Should You Buy MU Stock Here? - Reportify