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Micron Technology (MU) Gains Analyst Support Ahead of Q4 Earnings Amid AI-Driven Demand
Micron Technology (MU) Gains Analyst Support Ahead of Q4 Earnings Amid AI-Driven Demand
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Micron Technology prepares to report fourth-quarter fiscal 2025 results on September 23, with Wall Street analysts projecting a 135% surge in adjusted EPS to $2.78 and a 43% revenue increase to $11.12 billion. The Optimism stems from robust demand for DRAM, NAND, and high-bandwidth memory chips fueled by the artificial intelligence boom.
Wedbush analyst Matthew Bryson raised his price target to $200, citing undervalued gross margin potential despite elevated valuation multiples. The memory sector's cyclical peak typically commands lower premiums, but Micron's HBM business and AI tailwinds justify upward revisions.
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