Melius Research and HSBC raise Micron stock price targets amid AI-driven demand
On May 18, Melius Research raised its price target for Micron Technology (MU) from $700 to $1,100. Similarly, HSBC increased its target to $1,100 and Citigroup set a new target of $840. These upgrades occurred as the stock fell nearly 6%, signaling strong confidence in AI-driven memory demand.
Topics: AI demand analyst upgrades Micron Technology stock price targets