Micron Technology, Inc. (NASDAQ:MU) is projected to have strong earnings growth for the next 5 years. Citi raised the price target to $385 and maintained a Buy rating, noting potential decline in DRAM pricing momentum in Q2. RBC Capital initiated coverage with an ‘Outperform’ rating and $425 price target, citing high demand for generative AI and memory space tightness. Analysts anticipate record earnings of $50 per share for MU.

RBC analyst Srini Pajjuri highlighted Micron’s robust roadmap and accelerating High Bandwidth Memory content, predicting significant earnings growth. The Idaho-based company, founded in 1978, focuses on memory and storage products. While MU shows investment potential, other AI stocks may offer greater upside and less downside risk. Explore our report on the best short-term AI stock for insights.

Read more at Yahoo Finance: Why Citi Remains Bullish on Micron Technology, Inc. (MU)