Micron Stock Jumps 4.5% as Lynx Equity Predicts $1,325 Price Target

Micron (MU) stock rose 4.5% after private equity firm Lynx Equity issued a bullish note predicting a breakout to $1,325 within a year — over 30% upside from current levels. Lynx had previously called Micron 'uninvestible' in June due to momentum trader volatility, but now sees the stock trading at attractive levels after a 45% sell-off from July highs.

Why it matters: Strong HBM demand is keeping DRAM and NAND spot prices elevated, while Micron's 21x earnings valuation prices in expected triple-digit earnings growth over the next five years.