Posted 3/18/2024, 5:32:25 PM
Micron Stock Jumps Over 4% Ahead of Earnings on Positive Analyst Outlook
- Micron Technology stock jumped over 4% on Monday after positive analyst comments
- Barclays analyst raised his price target to $120 per share, citing an expected earnings beat
- Cantor Fitzgerald analyst also set a $120 target based on AI exposure and earnings optimism
- Micron reports fiscal Q2 earnings on Wednesday after market close
- Analysts expect strong results driven by pricing power improvements in DRAM chips
