HSBC Raises Micron (MU) Price Target, William Blair Initiates With Outperform Rating

Micron Technology, Inc. (NASDAQ:MU) is one of the 11 Most Profitable Cheap Stocks to Invest In Now. On January 23, HSBC increased its price target on Micron Technology, Inc. (NASDAQ:MU) from $350 to $500 and kept its Buy rating. The firm noted that the sharp rise in DRAM prices was a major reason behind the strong gains in the share price over the past three months. HSBC now expects Micron Technology, Inc. (NASDAQ:MU) to report Q2 fiscal 2026 operating profit of $12 billion, which would be an increase of ...