• Raymond James has more than doubled its price target on Micron (MU) to $1,100 while maintaining an "Outperform" rating ahead of the company's June 24 earnings report.
  • The firm cited strong investor interest as AI-driven demand continues to reshape the memory market, noting that memory supply appears largely committed for years ahead based on recent supply chain checks.
  • The upgrade follows a historic rally for Micron, which saw the memory-chip maker's valuation briefly cross the $1 trillion mark in late May.