Cantor Fitzgerald raised the firm's price target on Micron to $2,000 from $1,500 and keeps an Overweight rating on the shares. Following Micron's disclosure of strategic customer agreements, the outlook highlights a more durable and extended memory cycle, with up to half of revenues potentially locked under multi-year contracts at high gross margins, which could shift pricing dynamics, reduce quarter-end volatility in negotiations, and support more stable long-term margin and price discovery versus prior cycles, the analyst tells investors in a research note.
