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-0.00131061598951504 -0.00131061598951504 -0.00145478374836172 -0.0026212319790302 -0.0026212319790302 -0.00393184796854525 -0.00458715596330277 -0.00393184796854525
Stock impact report

Micron Technology analyst lifts price target to $300 ahead of earnings [Yahoo! Finance]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: Yahoo! Finance
earnings , as an analyst pointed to firmer memory pricing and sustained demand tied to artificial intelligence workloads. Warning! GuruFocus has detected 9 Warning Sign with MU. Is MU fairly valued? Test your thesis with our free DCF calculator. Vijay Rakesh of Mizuho Securities boosted his price objective on Micron to $300 from $195 and retained a Buy rating. The revised objective offers around 24% upside from current trading levels. Rakesh said that traditional DRAM prices were strong, going from 15% to 20% from one quarter to the next because of restricted supply and rising demand. He thinks that margins would grow as the DRAM market keeps getting better until 2026. The analyst also noted Micron's leadership in high-bandwidth memory used in AI accelerators, sustaining margins exceeding 30%. The rise of AI data centers has also led to more demand for NAND flash goods. Micron is going to release its first-quarter fiscal figures on Wednesday after the market closes. Wall S Show less Read more
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