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Micron Technology, Inc. (NASDAQ:MU) is included among the Top 12 Dividend Stocks to Buy According to Billionaire Cliff Asness.

On June 18, Rosenblatt raised its price recommendation on Micron Technology, Inc. (NASDAQ:MU) to $1,200 from $600. It reiterated a Buy rating on the shares ahead of the company’s fiscal third-quarter earnings report scheduled for June 24. The firm said it is increasing its estimates as average selling prices continue to rise. According to the analyst, higher prices have not weakened demand in the data center and server markets. Demand for DRAM and NAND Flash remains strong, while additional wafer supply is still about 12 months away.

The same day, Wedbush raised its price goal on Micron to $1,300 from $550. It maintained an Outperform rating on the stock. The firm significantly increased its revenue and earnings-per-share estimates for both the third quarter and future periods. Wedbush said pricing for NAND and DRAM rose by high double-digit to even triple-digit percentages during the second quarter, prompting the firm to raise its third-quarter forecasts. According to its channel checks, DRAM and NAND pricing are likely to increase by about 20% in the third quarter. Wedbush expects a similar trend to continue into Micron’s fourth quarter and has updated its financial model accordingly.

Micron Technology, Inc. (NASDAQ:MU) develops memory and storage solutions. The company offers a range of high-performance DRAM, NAND, and NOR memory and storage products under its Micron and Crucial brands.

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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