Raymond James analyst Srini Pajjuri increased his price target for the chip stock to $160 from $130.
Get a deeper insight into the potential performance of Micron (MU) for the quarter ended May 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Nvidia trades for 20 times next year’s expected revenue. Historically, that’s been a worrisome level for future stock returns.