- Cowen raises Micron Technology’s (NASDAQ:MU) price target from $34 to $38 and reiterates Outperform rating moving into Q3 with optimism for Q4.
- Analyst Timothy Arcuri expects the company to achieve another “beat and raise” and thinks that the consensus estimates have EPS up to $0.10 too low for Q4.
- Arcuri cites the sustainable growth of the DRAM S/D side of the business and thinks the Street has undervalued the NAND business.
- Source: StreetInsider
- Micron shares are up 2.11% premarket.
Cowen raises Micron price target, expects earnings beats
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Symbol | Last Price | % Chg |
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MU | - | - |
Micron Technology, Inc. |