RBC Capital boosted its price target on Micron Technology, citing bullish demand from agentic AI.
RBC Capital raised its price target on Micron Technology, and upgrades from Deutsche Bank, Citi, and Stifel quickly followed, sending the stock to an all-time high. The rally, driven by agentic AI demand, triggered a wave of headlines as the company's earnings approach.
Micron’s upcoming quarterly results are the next major test; the stock’s record high has set expectations sky-high, so any sign that AI chip demand is softening could reverse gains. A strong beat, on the other hand, may fuel further analyst upgrades.
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