Raymond James upped its price target from $30 to $40 late yesterday. The analyst at Raymond Jones is seeing continued tight supply and demand for Micron’s products. The firm maintains GAP EPS estimates of $2.20 in 2014 and $2.85 in 2015.
Baird joins the growing list of firms that, who recently raised price targets on shares of Micron. Over the last week Bank of America raised it’s Micron PT to $40, Credit Suisse raised its PT to $50, Baird raised its target to $42 and Nomura raised its PT to $40.
Disclosure: I am long shares of Micron and maintain a $61 price target that was issued in April. Get in early before the rest of my market catches up to my early “buy” calls on stocks.
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