Investors should consider using the pullback in Micron Technology to snatch up shares, according to several Wall Street analysts.
His $175 price target implies upside of more than 22% from Wednesday's close.
Goldman Sachs analyst Toshiya Hari also viewed the drop as a buying opportunity, citing expectations for growth in AI compute and high-bandwidth memory market share gains.
Hari has a price target of $158, signaling 11% upside over the next 12 months.
MU 1D mountain Micron shares fall on in-line guidance Wells Fargo's Aaron Rakers reiterated his overweight rating and $190 price target, implying more than 33% upside.
Persons:
Christopher Danely, Goldman Sachs, Toshiya Hari, Hari, Harlan Sur, Bernstein, Mark Li, Timothy Arcuri, Wells Fargo's Aaron Rakers, Vivek Arya
Organizations:
Micron Technology, MU, Micron, UBS, Bank of
Locations:
Wednesday's, CY25, ramping HBM