Micron stock jumps as Mizuho lifts target to $390 — what to watch next week
Micron shares rose 5.5% to $345.09 Friday after Mizuho raised its price target to $390. Tight memory supply and expectations for next week’s U.S. inflation data drove trading. Micron will pay a $0.115 dividend on January 14, with earnings due in March. CEO Sanjay Mehrotra said supply remains well below demand.