As Micron’s stock blows past $1,000, Wall Street sees more gains in store
Semis
Micron stock has broken through $1,000 to all-time highs, fueled by favorable DRAM/HBM pricing, AI demand catalysts including a new Nvidia chip unveiled at COMPUTEX, and a fresh Mizuho price target raise to $1,150. The setup creates a momentum-plus-fundamental trade with a visible near-term target, though the 51 analyst buy-side consensus and insider selling deserve weight on sizing.
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Angle
↑ LONG+11% target-7% stop3-5 weeks
Long MU into HBM cycle tailwind — Mizuho's $1,150 PT gives a clean 11% target from current highs, but size light given two insider sells and already-crowded consensus.