JPMorgan keeps Micron Overweight, $1,540 target ahead of Sept. 30

JPMorgan maintained an Overweight rating on Micron and a $1,540 price target ahead of the company’s fiscal Q4 report on September 30. The firm described a “constructive” setup for the shares, citing “multiple beat-and-raise levers still in play,” and said the memory backdrop remains structurally tight across both DRAM and NAND.