Bernstein upgrades Micron, sees 28% upside as chip prices will likely rebound later in 2022

Micron Technology's hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019.
Stephen Nellis | Reuters

Micron will see huge gains after oversupply issues in the computer chips space are resolved later this year, Bernstein said.

More In Street Calls

CNBC ProAtlantic Equities downgrades Nasdaq exchange, says gains will be harder to come by
CNBC ProKeyBanc raises price target on Apple, citing healthy iPhone demand
CNBC ProHere are Friday's biggest analyst calls: Apple, HP, SoFi, Bed Bath & Beyond, Meta, Disney & more