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Susquehanna Raises Micron Price Target Significantly to $1750

45 minutes ago

May 29 — Mehdi Hosseini, a quant trading analyst at Susquehanna, sharply hiked Micron Technology (MU)’s price target from $600 to $1,750 while maintaining a "Positive" rating on the stock. Hosseini noted channel checks indicate Micron’s DRAM average selling price (ASP) for Q2 is projected to rise 50%-60% quarter-over-quarter (QoQ), outpacing the market’s prior consensus estimate of 50%. For NAND, ASP is expected to stay flat or climb 75%-100% QoQ. Driven by confidence in sustained strength of storage product pricing and profitability, Susquehanna has lifted earnings projections for its covered storage sector companies. Per Bitget data, Micron (MU) traded up 3.39% on the day, fetching $955.67.
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