Bank of America raised its price target on Micron (MU) to $1,500 from $950 and reiterated a Buy rating. According to BeInCrypto, the bank also lifted its 2030 chip-market forecast to $2.7 trillion from $2.3 trillion, led by memory and data center demand, positioning Micron as a key high-bandwidth memory (HBM) supplier alongside SK Hynix and Samsung.
Options pricing implies a roughly 17.6% post-earnings move versus an average of about 8% over the past two years, with more than $4 billion in Micron options premium traded in a day. Micron reports Q3 FY2026 earnings on Wednesday after the close.
Bank of America Raises Micron Target to $1,500 From $950, Keeps Buy
2026-06-23 18:23:22
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