[Bank of America: Micron's Pullback is a Buying Opportunity, Target Price $1,550] BlockBeats News, August 4, Bank of America (BofA) reiterated its 'Buy' rating on Micron with a target price of $1,550, stating that the recent sell-off represents an 'enhanced buying opportunity.' The bank expects memory prices to normalize between 2027–2028, but fundamentals remain strong. BofA forecasts Micron's fiscal year 2028 earnings per share to be approximately $150, and around $100 in a pessimistic scenario, still significantly higher than the previous cycle peak of about $12. [Original Link]