Micron Stock Hits Street-High $675 Target After Earnings

TLDR Barclays raised its price target on Micron to $675 from $450 and maintained an Overweight rating. Micron guided revenue about 42% above consensus estimates in its latest outlook. The company projected gross margins near 81%, signaling improved profitability. Barclays now expects Micron to generate more than $100 in earnings per share by 2027. The [...]

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