Micron Technology Inc (NASDAQ:MU) shares are trading higher Wednesday following bullish analyst coverage from Bernstein.
Bernstein analyst Mark Li upgraded Micron from a Market Perform rating to an Outperform rating and announced a $94 price target.
After supply issues in the semiconductor space, specifically the computer chip space, are resolved, Li expects Micron to be a beneficiary. The Berstein analyst expects outsized gains for Micron shareholders as soon as later this year.
Micron designs and manufactures storage solutions and dynamic random-access memory for PCs and servers.
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MU 52-Week Range: $65.67 - $98.45
Micron Shares were up 7.73% at $78.77 at time of publication.
Photo: courtesy of Micron.
