Micron Technology Inc. (MU) stock surged after a positive note from Bernstein analyst Stacy Rasgon. The stock is now trading nearly 5x its price in April 2025, with the analyst maintaining an “Outperform” rating and raising the price target to $330. Rasgon expects a significant pricing upcycle in the memory sector due to AI-driven demand for DRAM. Despite the rally, Micron stock remains cheap at a forward earnings multiple of less than 10x. Wall Street analysts recommend playing Micron shares, with a consensus rating of “Strong Buy” and price targets as high as $500, indicating a potential 60% upside.

Read more at Barchart: Micron Stock Just Moved Into Overbought Territory After Massive 2025 Run. Is It Too Late to Buy MU Shares?