$Micron Technology(MU)$ KeyBan

KeyBanc also raised a whole bunch of other semis (but downgraded some too). Can read more about it on SA. Reflects what I've been saying, the whole semi sector has bottom and has started recovery. We should hear all about that in next weeks as ER season progresses.

Specifically concerning MU:

The analysts raised their price target on Micron to $150, citing strong feedback on its high bandwidth memory offering, HBM3E, compared to SK Hynix's offering.

"With Samsung currently not competitive, we believe MU is in the pole-position heading into the ramp of B100/B200," the analysts wrote. "We believe MU has enough HBM capacity to meaningfully exceed its outlook of several hundred millions in FY24 and to ship over $1B in HBM revenues in CY24. As investors increasingly will recognize how strong MU’s position is in HBM, we expect the stock to rerate and be given credit as an 'AI' play."

The whole article is worth a read on SA.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":293397849387336,"tweetId":"293397849387336","gmtCreate":1712656691654,"gmtModify":1712656697805,"author":{"id":9000000000000385,"idStr":"9000000000000385","authorId":9000000000000385,"authorIdStr":"9000000000000385","name":"chikki","avatar":"https://static.tigerbbs.com/76276fd89a640eaaf8e0fc4af9f9beeb","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":17,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/1bf0a0cfbe5e43044883f28dd63c7182","width":"232","height":"176"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/1bf0a0cfbe5e43044883f28dd63c7182","width":"232","height":"176"}],"html":"<html><head></head><body> <a data-mention-id=\"MU\" class=\"teditor-mention\" data-mention-name=\"Micron Technology\" href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$</a> <v-v data-views=\"1\"></v-v>KeyBanc also raised a whole bunch of other semis (but downgraded some too). &nbsp;Can read more about it on SA. &nbsp;Reflects what I've been saying, the whole semi sector has bottom and has started recovery. We should hear all about that in next weeks as ER season progresses.Specifically concerning MU:The analysts raised their price target on Micron to $150, citing strong feedback on its high bandwidth memory offering, HBM3E, compared to SK Hynix's offering.\"With Samsung currently not competitive, we believe MU is in the pole-position heading into the ramp of B100/B200,\" the analysts wrote. \"We believe MU has enough HBM capacity to meaningfully exceed its outlook of several hundred millions in FY24 and to ship over $1B in HBM revenues in CY24. As investors increasingly will recognize how strong MU’s position is in HBM, we expect the stock to rerate and be given credit as an 'AI' play.\"The whole article is worth a read on SA.<img src=\"https://community-static.tradeup.com/news/1bf0a0cfbe5e43044883f28dd63c7182\" tg-width=\"232\" tg-height=\"176\"></body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"MU\" class=\"teditor-mention\" data-mention-name=\"Micron Technology\" href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$</a> <v-v data-views=\"1\"></v-v>KeyBanc also raised a whole bunch of other semis (but downgraded some too). &nbsp;Can read more about it on SA. &nbsp;Reflects what I've been saying, the whole semi sector has bottom and has started recovery. We should hear all about that in next weeks as ER season progresses.Specifically concerning MU:The analysts raised their price target on Micron to $150, citing strong feedback on its high bandwidth memory offering, HBM3E, compared to SK Hynix's offering.\"With Samsung currently not competitive, we believe MU is in the pole-position heading into the ramp of B100/B200,\" the analysts wrote. \"We believe MU has enough HBM capacity to meaningfully exceed its outlook of several hundred millions in FY24 and to ship over $1B in HBM revenues in CY24. As investors increasingly will recognize how strong MU’s position is in HBM, we expect the stock to rerate and be given credit as an 'AI' play.\"The whole article is worth a read on SA.<img src=\"https://community-static.tradeup.com/news/1bf0a0cfbe5e43044883f28dd63c7182\" tg-width=\"232\" tg-height=\"176\"></body></html>","text":"$Micron Technology(MU)$ KeyBanc also raised a whole bunch of other semis (but downgraded some too). Can read more about it on SA. Reflects what I've been saying, the whole semi sector has bottom and has started recovery. We should hear all about that in next weeks as ER season progresses. Specifically concerning MU: The analysts raised their price target on Micron to $150, citing strong feedback on its high bandwidth memory offering, HBM3E, compared to SK Hynix's offering. \"With Samsung currently not competitive, we believe MU is in the pole-position heading into the ramp of B100/B200,\" the analysts wrote. \"We believe MU has enough HBM capacity to meaningfully exceed its outlook of several hundred millions in FY24 and to ship over $1B in HBM revenues in CY24. As investors increasingly will recognize how strong MU’s position is in HBM, we expect the stock to rerate and be given credit as an 'AI' play.\" The whole article is worth a read on SA.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/293397849387336","repostId":0,"isVote":1,"tweetType":1,"viewCount":79,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["MU"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":794,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/293397849387336"}