Micron (MU) Stock Target Raised to $1,250 by 5-Star Analyst

Micron (MU) stock traded at $966 on August 14, extending a recovery to the $1,000 level. The stock has increased nearly 240% year-to-date, outperforming the S&P 500's 14% gain. Analyst Pierre Ferragu upgraded Micron to Buy, setting a price target of $1,250, which suggests a 32% upside from the previous closing price of $949.83. The rise in demand for memory driven by AI applications is reshaping market dynamics, making this target relevant for investors considering Micron's potential growth.