Deutsche Bank sees more upside ahead for Micron despite an already massive year-to-date runup. The bank reiterated its buy rating on the semiconductor manufacturer ahead of its fiscal first-quarter results on Dec. 17. Analyst Melissa Weathers also hiked her price target to $280 from $200, citing a higher earnings forecast, which implies upside of 13%. Shares of Micron have surged 193% this year. MU YTD mountain MU YTD chart Weathers noted that the current memory environment is "significantly different" than the one last quarter and will result in stronger earnings per share power than she was previously expecting. "All told, we believe MU is well poised to benefit from the upcoming memory cycle, with HBM driving structural changes in the industry that could warrant a higher valuation profi
Deutsche Bank sees more upside for Micron heading into chipmaker's earnings
CNBC Investing1 hrs ago
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