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Analysts Boost Micron Stock Targets Ahead of Q4 Earnings Amid Memory Market Optimism
Analysts Boost Micron Stock Targets Ahead of Q4 Earnings Amid Memory Market Optimism
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BTCCSquare news:
Micron Technology (MU) prepares to report fiscal Q4 earnings on September 23, with consensus estimates targeting $2.78 EPS and $11.12 billion revenue. Susquehanna and Wolfe Research analysts raised price targets to $200 and maintained Buy ratings, citing undervalued earnings potential and disciplined industry supply dynamics.
Susquehanna's Mehdi Hosseini highlights Micron's pricing power in HBM memory transitions, projecting a 50% uplift from HBM3e to HBM4 adoption by 2026. GDDR7 and enterprise SSD demand further bolster the bullish case, with capital expenditure restraint across memory manufacturers supporting favorable pricing conditions.
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