Micron Technology Inc. (NASDAQ:MU) is one of the 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds.
Muse, an analyst at Cantor Fitzgerald, raised the firm’s price target on Micron Technology Inc. (NASDAQ:MU) from $700 to $1500 and maintained an Overweight rating on the stock. The upward price target revision reflects 60% upside from current levels. The firm believes AI has created long-term growth for the memory industry, with demand trends that suggest the current upside has plenty of room to continue.
As the only major American manufacturer of memory chips, Micron enjoys a lot of positive analyst sentiment. However, the stock is often quick to react to these analyst expectations, forcing analysts to play catch-up. Consequently, the stock usually trades above the Wall Street median price target.