Micron price target raised to $120 from $95 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Micron Technology to $120 from $95 and keeps an Overweight rating on the shares. The analyst sees “another strong beat and raise” quarter from MU, largely on the back of better DRAM pricing from high bandwidth energy. The firm increased 2024 and 2025 estimates for Micron, believing weaker NAND demand will be offset by continued production discipline.