Bank of America: Micron's Recall is a Buying Opportunity, Target Price $1550

BlockBeats News, August 4th, Bank of America (BofA) reiterated its "Buy" rating on Micron Technology, with a target price of $1550, calling the recent sell-off an "enhanced buying opportunity." The bank expects memory prices to normalize from 2027-2028, but the fundamentals remain strong.

Bank of America predicts Micron's EPS for the fiscal year 2028 to be around $150, and in a bear case scenario around $100, still significantly higher than the previous cycle peak of around $12.