Micron Technology (MU) shares jumped more than 5% in Thursday’s pre‑market trade after Stifel and Wedbush lifted their price targets, setting the stage for the company’s fiscal third‑quarter earnings on June 24.
Analyst Upgrades and Price Targets
Stifel analyst Brian Chin raised his target price for Micron from $550 to $1,500 while maintaining a Buy rating. Wedbush’s Matt Bryson increased his forecast to $1,300, also keeping an Outperform stance. Both upgrades immediately attracted investor attention and pushed the stock higher.
Growth Drivers and Market Implications
Stifel projects an almost 80% sequential revenue rise, citing stronger average selling prices for conventional DRAM and a projected over‑50% year‑