BofA Maintains Buy on Micron, Lifts Shopify and Reinstates Figma at Buy
BAC•Bank of America Securities maintained its Buy rating on Micron, citing strong DRAM and NAND memory demand outlook through 2026. The firm also upgraded Shopify to Buy on an emerging agentic commerce shift and reinstated Figma at Buy, highlighting AI capabilities as a new growth catalyst.
1. BofA Maintains Buy on Micron
Bank of America Securities affirmed its Buy rating on Micron, pointing to improving DRAM and NAND market fundamentals. Analysts highlighted accelerating memory bit growth and tightening supply, forecasting revenue gains in fiscal 2026.
2. BofA Upgrades Shopify to Buy
The firm raised Shopify to Buy after identifying a shift toward agentic commerce, where AI-driven tools automate customer interactions. This strategic upgrade reflects expectations that merchants will increase platform adoption to streamline sales workflows.
3. BofA Reinstates Figma at Buy
BofA reinstated a Buy rating on Figma, emphasizing that new AI integration within its design collaboration platform could unlock faster user growth. Analysts view emerging generative features as key to monetization and retention enhancements.
