MU is trading 4% up today at $960.57 after Susquehanna significantly raised its price target for the chipmaker, citing exceptional strength in AI-related memory and storage markets.
- Susquehanna analyst Mehdi Hosseini hiked the price target from $600 to $1,750 and reiterated a Positive rating, noting that Micron is uniquely positioned to benefit from the AI infrastructure boom.
- The firm highlighted Micron’s leadership in High Bandwidth Memory (HBM) and NAND as key drivers for the stock's continued outperformance and its sharp weekly rally.