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Susquehanna sharply raises Micron price target to $1,750
Svmuureports that Susquehanna, a Wall Street quantitative trading giant, analyst Mehdi Hosseini has significantly raised the price target for Micron (MU) from $600 to $1,750, maintaining a "positive" rating. It is reported that Micron's second-quarter DRAM average selling price is expected to increase by 50%-60% quarter-over-quarter, higher than the previously market-expected 50%; NAND average selling prices are expected to remain flat to up within the 75%-100% range quarter-over-quarter. Based on increased confidence in the continued strength of storage product prices and margin sustainability, Susquehanna has raised earnings forecasts for the storage manufacturers it covers. (Seekingalpha)
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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