US Top Rating Updates on 9/30: MU, CRWD, MDB, CBOE and More

Summit Insights analyst KinNgai Chan upgraded $Micron Technology(MU.US)$ to Buy from Hold. The DRAM demand-supply dynamics will remain challenging through early 2023 as demand weakness and customer inventory correction continue in the near term, though industry dynamics will improve once channel inventory correction is completed by the first half of 2023 and DDR5 DRAM ramps into volume, the analyst tells investors in a research note.

Truist analyst Miller Jump initiated coverage of $MongoDB(MDB.US)$ with a Buy rating and $300 price target. The company is at the crossroads of multiple converging database markets, and given the significant growth in both applications and data expected through the remainder of the decade, market expectations for MongoDB are underestimating both the strength and durability of its revenue growth potential, the analyst tells investors in a research note.

Goldman Sachs analyst Alexander Blostein upgraded $Cboe Global Markets(CBOE.US)$ to Neutral from Sell with a price target of $126, up from $120. The analyst sees the expansion of Cboe's SPX options "driving significant growth" in its proprietary product suite, benefiting both fee capture and margins.