Barclays Hikes Micron (MU) Price Target to $240 on Select AI Exposure, Maintains ‘Overweight’.Barclays Hikes Micron PT to $240 on Select AI Exposure, Maintains Overweight Rating

Core Viewpoint - Micron Technology Inc. is identified as a strong growth stock for the next five years, with multiple analysts raising their price targets significantly due to its exposure to AI demand [1][2][3]. Group 1: Analyst Ratings and Price Targets - Barclays analyst Tom O'Malley raised the price target on Micron to $240 from $195, maintaining an Overweight rating, citing selective exposure to AI as a key factor [1]. - Mizuho also increased its price target for Micron to $240 from $195, with an Outperform rating, driven by accelerating AI demand linked to multimodal models [2]. - UBS analyst Timothy Arcuri raised Micron's price target to $245 from $225, keeping a Buy rating, aligning with the rationale provided by Mizuho [3]. Group 2: Company Overview - Micron Technology Inc. designs, develops, manufactures, and sells memory and storage products across various countries, including the United States, Taiwan, Singapore, Japan, Malaysia, China, and India [4].