Despite the increased valuation, Danely sees "plenty of upside as DRAM upturns usually last two years and supply/demand looks favorable over at least the next year." Susquehanna maintained a buy and increased the price target on Micron to $90 from $85. "With key customers like Kingston (~12%) starting to refresh inventories while MU is benefiting from a richer mix of higher-margin products (GDDR6, HBM2E), consensus earnings estimates are expected to continue to go higher towards the (updated) peak EPS power of $9.00," analyst Mehdi Hosseini said in a note, according to StreetInsider.