Micron (MU) Among Top Dividend Stocks for Billionaire Cliff Asness
Billionaire Cliff Asness has included Micron Technology (MU) among his top 12 dividend stocks. Meanwhile, Rosenblatt raised its price target to $1,200 from $600 ahead of the fiscal Q3 earnings report.
Key Numbers
Billionaire investor Cliff Asness has added Micron Technology, Inc. (NASDAQ:MU) to his list of top 12 dividend stocks to buy. This comes as Rosenblatt raised its price target on the stock to $1,200 from $600, reiterating a Buy rating ahead of the company's fiscal third-quarter earnings report due in June.
Rating Change
Rosenblatt increased its price target for Micron to $1,200, double the previous target of $600. The firm maintained a Buy rating on the shares.
Analyst Rationale
Rosenblatt analysts believe Micron is benefiting from rising demand for memory chips used in AI and data centers. Additionally, the company's consistent dividend payments make it attractive for income-focused investors.
Context
Micron is a leading manufacturer of DRAM and NAND memory chips. The stock has experienced volatility over the past year but has risen about 40% year-to-date in 2026. Other analysts have mixed views; some see the stock as undervalued, while others warn of cyclical demand risks.
What to Make of It
Asness's inclusion of Micron in his dividend stock list boosts investor confidence in the company's ability to generate stable returns. Rosenblatt's price target hike reflects positive growth expectations, but investors should watch the upcoming Q3 earnings report for clearer signals.
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