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Micron Stock’s ‘Upside Is Coming.’ Why It’s a Buy Ahead of Earnings. - Barron's

1. Micron faces potential guidance miss in upcoming fiscal results. 2. Citi analyst maintains Buy rating with $150 target, indicating 49% upside. 3. DDR5 memory pricing shows promising recovery, increasing by 8% this year. 4. Analysts remain generally optimistic, with 32 out of 38 rating Buy.

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FAQ

Why Bullish?

The Buy rating and an optimistic target price suggest positive sentiment. Similar past bullish analyst forecasts have led to price recoveries.

How important is it?

Recovery signals in memory pricing and positive analyst ratings create significant investor interest.

Why Long Term?

While short-term headwinds exist, long-term pricing recovery in DRAM supports sustained growth. Historical trends indicate delayed market approval may precede more robust rebounds.

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