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⚡️Micron $MU price target raised to $1,600 from $600 at KeyBanc after fiscal Q3 KeyBanc raised the firm's price target on Micron to $1,600 from $600 and keeps an Overweight rating on the shares. The company reported "strong" fiscal Q3 results and Q4 guidance, well above estimates, as DRAM and NAND pricing increased in the low 60% and mid 80% quarter-over-quarter, respectively. Notably, Micron announced it has signed 16 customer agreements representing $100B in cumulative sales with hyperscalers, consumer, and auto customers, the analyst tells investors in a research note. KeyBanc is "encouraged" by the results and with the company's trough gross margin set well above the historical peak at 70%, it believes believes Micron "deserves to be further rerated."






















