Bank of America revamps Micron stock price target post earnings

As expected, Micron Technologies (MU) delivered another earnings stunner, posting blowout Q2 results. Consequently, Bank of America analysts led by Vivek Arya bumped their price target to $500 from $400, underscoring deeper confidence in the memory giant’s long-term outlook. For BofA, the shift is broad-based and is upending the typical behavior of the memory cycle. For years, the sector was known for wild swings, but now, with supply remaining constrained amid a barrage of AI-driven demand, the script h ...