Ahead of Micron Technology's earnings release, a bullish analyst reaffirmed a $2,000 price target. While the market is pricing in the end of the memory cycle, demand for computing power continues to expand.

With Micron Technology's earnings release approaching, bullish analysts reaffirmed their $2,000 price target. The market is pricing in a recovery in memory demand and expects demand for computing power to continue expanding.

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The story

With Micron Technology's earnings release just ahead, one of the company's bullish analysts reiterated a $2,000 price target, close to the highest on Wall Street.

Some believe the market is pricing in the end of memory recycling, while others see continued growth in demand supporting computing power.

Ahead of the company's earnings release, investors may be focusing on data and indicators that could provide clues about its results for the next period.

At a glance

CompanyMicron Technology

OutlookAhead of the earnings release, bullish analysts reaffirm $2,000 price target

Target share priceReaffirmed the $2,000 price target

Market toneThe market is beginning to price in the end of memory recycling

DemandDemand for computing power continues to grow

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