Mizuho Turns Bullish On Micron Technology

November 23, 2021 7:14 AM | 1 min read | Make a Comment

Mizuho analyst Vijay Rakesh upgraded Micron Technology Inc MU to Buy from Neutral with a price target of $95, up from $75, implying a 13.3% upside.
Recent checks indicate demand is improving across the PC, server, and handset markets, Rakesh notes.
The analyst believes server demand could improve in Q1 of 2022 with Amazon.com Inc AMZN and Alphabet Inc GOOG (NASDAQ; GOOGL) Google orders returning despite less than ten weeks of DRAM inventory.
He sees improving demand trends and a "tailwind" for memory.
Price Action: MU shares traded higher by 1.11% at $84.79 in the premarket session on the last check Tuesday.