RBC Capital Raises Micron Technology's Price Target by $675 Amid Strong Demand for Memory Chips
On June 15, RBC Capital analyst Srini Pajjuri raised the price target on Micron Technology (NASDAQ:MU) from $525 to $1,200 while maintaining an 'Outperform' rating. The increase reflects stronger expectations for pricing and volume driven by sustained capital spending and growing demand in GenAI applications.
Tickers: $MU
Topics: AI Demand DRAM Market Micron Technology RBC Capital Semiconductors