MU

Analyst target raises behind the outperformance

• MU +3.03% on the last session vs SPY +0.18%: +2.9 pts of stock-specific move.
• 711 Reddit mentions in the past 24 hours, 72% positive over the week · today's pace is 2.4× its recent daily average.
• 13 analyst actions in the past 10 days (5 positive, 1 negative); latest: Rosenblatt maintained Buy, raised target $1,500 → $1,900.
• Market backdrop (Wed): Core PCE Price Index m/m 0.2% vs 0.3% expected (cooler); Final GDP q/q 2.2% vs 1.5% expected (stronger); S&P futures +0.18%, 10-year yield +0bp in the 30 minutes after.