MU is commanding the most dramatic analyst calls of the day. TD Cowen's Krish Sankar lifted his price target to $1,500. That is more than double the previous $660 target. RBC Capital's Srini Pajjuri also raised his target sharply — to $1,200 from $525. Both analysts maintain Buy ratings on the chip maker. Micron carries a $1.1 trillion market cap and short interest of just 3.4% of free float, suggesting bears are not fighting the bulls here.
The AI memory boom is the clear driver. Demand for HBM chips used in AI servers has outpaced supply expectations. Analysts now believe Micron's earnings power is far higher than the market previously assumed.
Meanwhile, LEN is facing a rougher reception. B of A Securities cut its target on the homebuilder to $77 from $84, keeping a Sell rating. RBC Capital echoed the caution, trimming to $85 from $88. Short interest in Lennar sits at 8.6% of free float. With mortgage rates staying elevated, analysts see limited upside in new home sales.
TDG also saw a consensus target price increase, rising to $1,524. Aerospace parts demand remains firm. KLAC received a similar positive tweak, with the consensus target edging up to $194.
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