00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Micron Technology shares rose 3.16% to $952.74 in pre-market trading on Friday,
00:11approaching the stock's 52-week high of $956.16, according to Benzinga.
00:17The broader semiconductor index gained over 1% on the day,
00:21with the Nasdaq and S&P 500 each up 0.21%.
00:25Analysts and TV commentary pointed to sustained AI data center build-outs
00:30as the driver behind Micron's rally.
00:32The stock's RSI stands at 75.23, placing it in overbought territory,
00:38while its moving average structure remains bullish following a golden cross in June 2025.
00:44Micron reports earnings on June 24, with analysts forecasting EPS of $19.16
00:50and revenue of $33.66 billion.
00:54DA Davidson, Mizuho, and Barclays all raised their price targets on the stock this week,
00:59with forecasts ranging from $1,150 to $1,500.
01:05For all things money, visit Benzinga.com.
Comments