On Sep 27, major Wall Street analysts update their ratings for $Micron Technology (MU.US)$, with price targets ranging from $125 to $165.
BofA Securities analyst Vivek Arya maintains with a buy rating, and maintains the target price at $125.
Barclays analyst Thomas O'Malley maintains with a buy rating, and maintains the target price at $145.
KeyBanc analyst John Vinh maintains with a buy rating, and maintains the target price at $145.
Wedbush analyst Matt Bryson maintains with a buy rating, and adjusts the target price from $170 to $140.
Piper Sandler analyst Harsh Kumar maintains with a buy rating, and maintains the target price at $150.
Furthermore, according to the comprehensive report, the opinions of $Micron Technology (MU.US)$'s main analysts recently are as follows:
Micron's recent financial disclosure indicated a robust quarter and outlook, especially considering the tempered expectations prior to the announcement. The company's earnings per share guidance aligned with initial consensus estimates before recent negative revisions. Micron has reached the goal of securing several hundred million in High Bandwidth Memory (HBM) sales for FY24 and holds the belief that they will generate several billion in the following year. Additionally, they anticipate achieving their targeted mid-20s percentage in DRAM market share for HBM, although there are suggestions that the market forecast may be overly optimistic. Despite Micron's commendable execution, the stock is perceived as costly, and there may be more attractive risk-reward opportunities in the AI and memory sectors.
Micron has demonstrated resilience by delivering favorable results amidst growing macroeconomic challenges, supported by robust data center demand and escalating sales in AI-driven high-bandwidth memory (HBM). Although a milder fiscal second quarter is anticipated due to seasonal factors, projections for FY25 and FY26 EPS have been increased significantly, underscoring a positive outlook for the company's earnings trajectory.
Micron anticipates its High Bandwidth Memory (HBM) share to align with its overall DRAM market share by the calendar year 2025. This projection is key to the investment thesis due to the belief that HBM can achieve gross margins in the low-60% range and represent a 60% compound annual growth rate (CAGR). It is still regarded as one of the top investment ideas, with the valuation deemed attractive and the HBM opportunity seemingly not yet fully reflected in the current market price.
Despite ongoing inventory accumulations at PC and smartphone customers coupled with a softness in end-demand, the anticipated mid-cycle period in the memory sector until the second quarter of 2025 appears to be less severe than initially expected, owing to sustained demand from datacenter clients.
Here are the latest investment ratings and price targets for $Micron Technology (MU.US)$ from 6 analysts:
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美东时间9月27日，多家华尔街大行更新了$美光科技 (MU.US)$的评级，目标价介于125美元至165美元。
美银证券分析师Vivek Arya维持买入评级，维持目标价125美元。
巴克莱银行分析师Thomas O'Malley维持买入评级，维持目标价145美元。
KeyBanc分析师John Vinh维持买入评级，维持目标价145美元。
韦德布什分析师Matt Bryson维持买入评级，并将目标价从170美元下调至140美元。
派杰投资分析师Harsh Kumar维持买入评级，维持目标价150美元。
此外，综合报道，$美光科技 (MU.US)$近期主要分析师观点如下：
美光最近的财务披露显示出强劲的季度表现和前景，特别是考虑到公告前的预期有所减弱。该公司的每股收益指引与最近出现负面修正之前的初步共识估计一致。美光已经实现了确保24财年高带宽存储器（HBM）销售额达到数亿的目标，并相信他们将在来年创造数十亿美元的收入。此外，他们预计HbM的DRAM市场份额将达到20年代中期的目标，尽管有人认为市场预测可能过于乐观。尽管美光的表现值得称赞，但该股被认为价格昂贵，人工智能和存储器领域可能会有更具吸引力的风险回报机会。
在强劲的数据中心需求和人工智能驱动的高带宽存储器（HBM）销售不断增长的支持下，美光在日益增长的宏观经济挑战中取得了良好的业绩，表现出了韧性。尽管由于季节性因素，预计第二财季将温和，但对25财年和26财年每股收益的预测已大幅提高，这凸显了公司盈利轨迹的乐观前景。
美光预计，到2025日历年，其高带宽存储器（HBM）份额将与其整体DRAM市场份额保持一致。这一预测是投资论点的关键，因为人们相信HbM可以在-60％的低范围内实现毛利率，并代表60％的复合年增长率（CAGR）。它仍然被认为是最重要的投资理念之一，其估值被认为具有吸引力，而且HbM的机会似乎尚未完全反映在当前的市场价格中。
尽管个人电脑和智能手机客户的库存持续积累，加上终端需求疲软，但由于数据中心客户的持续需求，存储器行业到2025年第二季度的预期中期似乎没有最初预期的那么严峻。
以下为今日6位分析师对$美光科技 (MU.US)$的最新投资评级及目标价：
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