Micron Technology, Inc. (NASDAQ:MU ) J.P. Morgan's 52nd Annual Global Technology, Media and Communications Results Conference May 21, 2024 8:10 AM ET Company Participants Mark Murphy - EVP & CFO Manish Bhatia - EVP of Global Operations Conference Call Participants Harlan Sur - JPMorgan Harlan Sur Good morning, and welcome to the second day of JPMorgan's 52nd Annual Technology Media and Communications Conference.
Micron Technology on Tuesday slightly raised its capital expenditure forecast for 2024, as the U.S. chipmaker invests heavily to make high bandwidth memory (HBM) semiconductors to meet surging demand from the AI industry.
Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.
Citi analyst Christopher Danely's target for the stock price implies a gain of roughly 17% from current levels.
On Monday, May 20th, Morgan Stanley upgraded Micron Technology (NASDAQ:MU) to Equal-weight from Underweight and significantly raised its price target from $98 to $130. This move reflects the firm's reassessment of Micron's potential, particularly in the context of high bandwidth memory (HBM) and the broader AI memory market.
On Monday, May 20th, Morgan Stanley upgraded Micron Technology (NASDAQ:MU) to Equal-weight from Underweight and significantly raised its price target from $98 to $130. This move reflects the firm's reassessment of Micron's potential, particularly in the context of high bandwidth memory (HBM) and the broader AI memory market.
Micron Technology Inc (NASDAQ:MU ) stock is 3.1% higher to trade at $129.13, after Morgan Stanley upgraded the semiconductor stalwart to "equal weight" from "underweight.