$Micron Technology(MU)$ SA MuU

SA MuU gains as Baird upgrades on HBM strength; adds to top semi idea......

DRAM pricing is stronger than previously expected with increasing mix of premium-priced DDR5, while HBM3E has the potential to generate 60%+ gross margin for Micron next year," Gerra added. He raised his rating on Micron to Outperform and bumped his price target to $150 from $115.

There is the belief that as high-bandwidth memory use turns into a "super cycle," it could result in 20% of Micron's total dynamic random access memory revenue by 2025, with 150% growth expected next year, Gerra added.

Micron is also seeing an "improving mix" of its double data rate product, DDR5, which now accounts for more than 50% of the company's production, Gerra said.

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Comments

AmandaViolet
05-08
AmandaViolet
$150 price target.
blimpy
05-08
blimpy
I agree with Baird's upgrade on Micron.
NING667
05-08
NING667
Keep it up!
Tom Chow
05-09
Tom Chow
good

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1954

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