Micron (MU) Gets $500 Target as AI Drives DRAM and NAND Demand

Micron Technology, Inc. (NASDAQ:MU) is one of the AI Stocks on the Market’s Radar. On December 18, Rosenblatt raised its price target on the stock to $500 from $300 on Thursday, maintaining a Buy rating. The firm is strongly bullish on Micron as it views memory and storage demand accelerating in the AI era. Micron’s November quarter results and February quarter guidance was well above consensus, Rosenblatt noted. The newly negotiated DRAM and NAND Flash prices combined with continued cost declines have be ...