Top analyst resets price target on Micron stock

Group 1 - Bernstein has raised its price target for Micron Technology (MU) to $330 from $270, with the stock currently trading near $315, reflecting a significant increase in value [1] - Micron's stock has delivered a remarkable 262% return last year and is up over 72% in the past three months, outperforming major AI companies like Nvidia [2][3] - The demand for memory is growing rapidly due to AI, while supply expansion remains constrained, positioning Micron uniquely in the semiconductor market with sustained pricing power [4][6] Group 2 - Analysts are increasingly optimistic about Micron, with several firms raising their price targets, although the potential upside is narrowing [8] - Price targets from various analysts include: Rosenblatt at $500 (+58.7%), BofA Securities at $300 (-4.7%), JPMorgan at $350 (+11.1%), Morgan Stanley at $350 (+11.1%), HSBC at $330 (+4.8%), and KeyBanc at $325 (+3.2%) [9][10]