Samlunch
09-27
$Micron Technology(MU)$  


HERE'S WHAT ANALYSTS HAVE TO SAY AFTER $MU Q4 EARNINGS:

Rosenblatt (Buy, PT: $250): "Micron delivered an 'unambiguous beat and raise,' with AI and data center demand outshining any smartphone/PC inventory concerns. Expect DRAM supply/demand to tighten through 2025. Micron is positioned as a top pick for 2024, especially with HBM memory already sold out through CY25."

JPMorgan (Overweight, PT: $180): "Micron outperformed with strong August results, exceeding fears. AI memory demand and a tightening DRAM supply/demand forecast are expected to drive outperformance through 2024/25."

Raymond James (Outperform, PT: $140): "Micron’s Q4 and Q1 outlook surpassed expectations, easing concerns over a potential memory cycle downturn. With HBM capacity sold out through 2025 and PC/smartphone inventories normalizing by spring 2025."

Citi (Buy, PT: $150): "Micron’s earnings exceeded consensus, driven by better-than-expected DRAM pricing. Despite lingering PC/handset inventory challenges, data center strength is offsetting headwinds. Reaffirmed a bullish stance on the DRAM recovery into 2025."

BofA Securities (Buy, PT: $125): "Micron beat expectations with data center-driven results, AI-levered HBM sales being a notable strength. Raised FY25/26 EPS estimates by 22%/31%. Expect softer fiscal Q2 on seasonality but maintain bullish outlook."

TD Cowen (Buy, PT: $135): "Despite inventory buildups in consumer segments, Micron’s exposure to data center strength drives a more favorable mid-cycle memory outlook. Expect momentum to continue with HBM and broader memory demand through 2025."

Goldman Sachs (Buy, PT: $145): "Micron's guidance surprised to the upside in revenue, gross margins, and EPS, especially in AI memory demand. Despite consumer market concerns, the company’s high-value segment gains (HBM, LPDDR5, and enterprise SSD) should sustain outperformance."

Stifel (Buy, PT: $200): "Micron ended FY24 on a high note, with a strong FY25 outlook reflecting positive cloud demand trends and a robust HBM ramp. With AI and data center demand driving memory growth."

Piper Sandler (Overweight, PT: $150): "Micron’s strong quarter beat expectations and reaffirmed the firm’s AI demand-driven thesis. With HBM supply sold out through 2024/25 and pricing contracted, Micron is set for continued growth."

UBS (Buy, PT: $135): "Despite bearish sentiment, Micron delivered results far exceeding expectations. The company's technology leadership and constructive supply/demand outlook through next year maintain confidence in Micron’s growth trajectory."

Susquehanna (Positive, PT: $165): "Micron’s Q4 results exceeded expectations despite ongoing challenges, and the AI-driven memory demand is proving resilient. The updated FY/CY26 EPS estimates indicate a more attractive valuation, with a reset base of $10 earnings potential."

Morgan Stanley (Equalweight, PT: $114): "Micron’s EPS guidance reached pre-revision consensus, with data center strength highlighted. However, despite management executing well, the stock appears 'expensive,' and the market forecast seems overly high."


AI Faith Come Back! Chase High or Take Profit Now?
Micron forecasts upbeat first-quarter revenue on strong demand for memory chips. On the news, the stock jumps 15% and leads semiconductor stocks up.
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Comments

  • quixzi
    09-27
    quixzi
    Wow, it seems like analysts are overwhelmingly positive about Micron Technology's Q4 earnings
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