MKM Partners analyst Ruben Roy kept his Buy rating and $72 price target on Micron, saying that he retains his positive view amid the ongoing secular change in the memory industry despite the continued concerns among investors about a peaking memory cycle. Roy cites the most recent positively updated guidance by the management that should keep the investment focus on the company's longer-term supply/demand commentary. The analyst also notes that the expectations for DRAM and NAND bit growth, as well as the demand and average selling price trends, are "reasonable".