Baird analyst Tristan Gerra maintains $Micron Technology (MU.US)$ with a buy rating, and adjusts the target price from $172 to $150.
According to TipRanks data, the analyst has a success rate of 51.3% and a total average return of 8.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Micron Technology (MU.US)$'s main analysts recently are as follows:
Micron delivered a robust quarter and outlook, which is particularly notable given the tempered recent expectations. The company provided EPS guidance that aligned with consensus estimates prior to recent negative adjustments. They reached their target of several hundred million in HBM sales for FY24 and are holding on to their projection of achieving several billion next year. Additionally, they expect to attain their desired DRAM market share—mid-20s—in HBM. However, the market forecast is perceived as overly optimistic. Management at Micron is performing well, yet the stock's valuation is considered high. It is suggested that there are more favorable risk-reward opportunities in other areas of AI and memory.
Micron has reported results that exceeded expectations and also raised future guidance, despite facing growing macroeconomic challenges. This performance is supported by robust demand in the data center sector, which is further bolstered by the company's growth in high-bandwidth memory sales that leverage artificial intelligence. Although a milder fiscal second quarter is anticipated due to seasonality, the projections for FY25 and FY26 earnings per share have been increased significantly.
Micron anticipates that its share of the High Bandwidth Memory (HBM) market will align with its general DRAM market share by the calendar year 2025, a central point of the investment thesis due to the belief that HBM can yield gross margins in the low-60% range and represent a 60% compound annual growth rate (CAGR). The view is that the stock remains undervalued and the potential of the HBM market has not been completely factored into its current pricing.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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贝雅分析师Tristan Gerra维持$美光科技 (MU.US)$买入评级，并将目标价从172美元下调至150美元。
根据TipRanks数据显示，该分析师近一年总胜率为51.3%，总平均回报率为8.5%。
此外，综合报道，$美光科技 (MU.US)$近期主要分析师观点如下：
美光公布了强劲的季度表现和前景，鉴于近期预期疲软，这一点尤其引人注目。在最近的负面调整之前，该公司提供的每股收益指引与市场普遍预期一致。他们实现了24财年HbM销售额数亿的目标，并保持了明年实现数十亿英镑的预测。此外，他们希望在HbM中达到他们想要的DRAM市场份额（20年代中期）。但是，市场预测被认为过于乐观。美光的管理层表现良好，但该股的估值被认为很高。有人认为，在人工智能和记忆的其他领域还有更有利的风险回报机会。
尽管面临越来越多的宏观经济挑战，但美光公布的业绩超出了预期，也提高了未来指引。这一业绩得到了数据中心行业强劲需求的支持，该公司利用人工智能的高带宽存储器销售增长进一步推动了这一增长。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。
美光预计，到2025日历年，其在高带宽存储器（HBM）市场的份额将与其一般DRAM市场份额保持一致，这是投资论点的中心点，因为人们认为HbM可以在-60％的低范围内产生毛利率，复合年增长率（CAGR）为60％。有人认为，该股仍被低估，其当前定价尚未完全考虑HbM市场的潜力。
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