Micron (MU) Stock Slides 17%, but Analyst Sees $2,000 Ahead

TLDR Cantor Fitzgerald maintained its $2,000 Micron stock price target despite October’s selloff. The forecast suggests about 119% upside from Wednesday’s indicated premarket price of $913.20. Micron expects customer agreements to cover up to 50% of its revenue, according to Cantor Fitzgerald. Memory supply constraints could extend through 2028, supporting the analyst’s long-term forecast. A [...]

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