Will This Price Target Increase Help Micron Technology (MU) Stock Today?

NEW YORK (TheStreet) -- Shares of Micron Technology  (MU) were rising 6.88% to $33.88 in morning trading Friday after JMP increased its price target on the stock to $39, increased its estimates and maintained an "outperform" rating.

The firm noted the company continues to see strong demand.

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Watch the video below for a look at Micron's latest quarterly results:

Separately, TheStreet Ratings team rates MICRON TECHNOLOGY INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICRON TECHNOLOGY INC (MU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

MU Chart MU data by YCharts

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