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Memory solutions provider Micron Technology (MU) continues to score bullish reviews from Wall Street analysts.
D.A. Davidson assigned Micron a Street-high $1,000 price target, nearly double the current price.
KEY POINTS
- Micron is the first memory supplier to announce a five-year strategic customer agreement, boosting demand visibility.
- TD Cowen reports new long-term agreements have gross margins ranging from 60% to high-80s percent.
- Sankar expects Micron to exceed EPS estimates by 20% for May and 18% for August quarters.
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