Analyst: This Tech Stock Has Ample Upside Opportunity
MUMicron Technology(MU) Schaeffers Research·2024-05-06 22:48

Micron Technology Inc (NASDAQ:MU) stock is 4.7% higher to trade at 120.10atlastcheck,afterthesemiconductorcompanyreceivedanupgradefromBairdto"outperform"from"neutral."Thebrokeragefirmcitedmeaningfulupsideopportunities,givenMUsrecentpullback.TheequitytookabreatherfromitsApril4,recordhighof120.10 at last check, after the semiconductor company received an upgrade from Baird to "outperform" from "neutral." The brokerage firm cited meaningful upside opportunities, given MU's recent pullback. The equity took a breather from its April 4, record high of 130.54, but found support at the $105 level in late April. The 50-day moving average has been guiding shares higher as well, contributing to a 40.3% year-to-date lead. In the last ...