Micron (MU) Stock: $100 Target And Buy Rating

By Amit Chowdhry ● Jul 5, 2022
  • The shares of Micron Technology, Inc. (NASDAQ: MU) have received a $100 price target from UBS. These are the details.

The shares of Micron Technology, Inc. (NASDAQ: MU) have received a $100 price target from UBS. And UBS analyst Timothy Arcuri is maintaining a “Buy” rating on the shares.

Arcuri adjusted the rating in a research note about the semiconductor and equipment industry. And Arcuri had trimmed the WFE forecasts after several meetings with companies in Asia.

This indicates that major memory producers are looking at moderating their CAPEX budgets and wafer capacity additions for NAND and DRAM due to a new downside to the memory demand expected in the second half of this year.

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