Micron Technology: Vertical Integration and Growing Profits with TD Cowen’s Recent Rating Upgrade

Micron Technology is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to NAND flash chips. The firm serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The company is vertically integrated.

TD Cowen has decided to maintain its Outperform rating of Micron Technology (NASDAQ:MU) and raise its price target from $100.00 to $120.00. Shares of Micron Technology are trading up 2.47% over the last 24 hours, at $93.69 per share. A move to $120.00 would account for a 28.08% increase from the current share price.

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors