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Needham Drops Massive Micron Price Target Hike Ahead of Crucial Earnings

Needham & Company LLC raised its price target for Micron Technology from $500 to $1,550. This move comes as investors view the upcoming quarterly report as a gauge for AI rally momentum. The stock has seen a 861% increase over the last year.

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What changed

Needham significantly increased its Micron price objective to $1,550 just before the earnings date.

Live updates

  1. Needham Triples Micron Price Target Ahead of June 24 Earnings

    Needham & Company LLC raised its price target for Micron Technology from $500 to $1,550. This move comes as investors view the upcoming quarterly report as a gauge for AI rally momentum. The stock has seen a 861% increase over the last year.

    What's confirmed:

    • Needham & Company LLC raised its price target for Micron Technology from $500 to $1,550.
    • Micron Technology scheduled its quarterly earnings report for June 24.
    • Needham gave Micron stock a buy rating.

    Still unconfirmed:

    • Micron stock is up 861% over the past year.
    • Bernstein reiterated a Buy rating at $1,300.
    • Some analysts see 30% upside from the current price.
    • KOSPI selloffs involving Samsung and SK Hynix are bad news for Micron.
    confidence 90%