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Why Rosenblatt Just Doubled Its Micron Stock Price Target Ahead of June 24 Earnings

Why Rosenblatt Just Doubled Its Micron Stock Price Target Ahead of June 24 Earnings
Analyst Bio:

Micron Technology MU  will report fiscal third-quarter results on June 24, with investors looking for signs that the memory boom still has room to run. Ahead of the report, Rosenblatt analyst Kevin Cassidy doubled his price target on the stock to $1,200 from $600 and maintained a Buy rating. The new price target implies about 15% upside from current levels.

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