Global semiconductor shortages have skewed the delicate balance of supply and demand, placing even key market players under pressure from an already precarious position. Micron Technology Inc. (MU) is no exception, seeing its share price fall over 4% during Tuesday’s trading hours due to concerns over low memory chip prices and demand outlook. (See MU stock analysis on TipRanks)  Hans Mosesmann of Rosenblatt Securities published an analysis on the company, reiterating his optimism despite the unfavorable news. Mosesmann assigned a Buy rating, and delineated a price target of $165, reflecting a potential upside of 104.89%.   Mosesmann explained that although future DRAM prices (Dynamic Random-Access Memory chips) are in question, his firm’s “checks conclude prices are set for double-digit growth in Q3.” He expects even more significant growth in prices for Q4.
https://www.tipranks.com/news/article/micron-surviving-strains-of-semiconductor-shortage
Micron Technology (NASDAQ:MU)
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