KeyBanc Sees Micron (MU) in a ‘Different’ Memory Cycle, Raises Target

Micron Technology, Inc. (NASDAQ:MU) is one of the Trending AI Stocks on Wall Street. On January 13, KeyBanc analyst John Vinh raised the price target on the stock to $450.00 (from $325.00) while maintaining an Overweight rating. Firm analysts see a stronger-for-longer cycle for MU, anticipating a different cycle this time. Analysts noted that the Greenfield capacity is not anticipated to come online until mid-2027 at the earliest, underpinning the firm’s view that the current memory cycle is structurally ...