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Analyst Bullish on Micron Stock Ahead of Q4 Earnings Amid DRAM Supply Constraints
Analyst Bullish on Micron Stock Ahead of Q4 Earnings Amid DRAM Supply Constraints
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Micron Technology (MU) is poised to report its fiscal Q4 earnings on September 23, with Wall Street anticipating EPS of $2.78 and revenue of $11.12 billion. Deutsche Bank analyst Sidney Ho maintains a Buy rating, raising the price target to $175 from $155, citing tight DRAM supply and improving NAND pricing as key drivers for margin expansion above 50%.
DRAM, critical for immediate data access in computing, faces prolonged supply constraints into 2026 due to high-bandwidth memory (HBM) demand. NAND flash storage, used in smartphones and SSDs, benefits from increased device storage needs and hyperscaler adoption. Ho dismisses concerns over 2026 HBM pricing pressures as overstated, emphasizing Micron's competitive positioning.
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