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Stock impact report

RBC Initiates Micron (MU) at Outperform, Sees $50+ Peak EPS Potential From HBM Upside [Yahoo! Finance]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Company Research Source: Yahoo! Finance
coverage of the stock with an Outperform rating and a price target of $425. The firm sees a $50+ peak EPS potential for MU, coupled with a higher multiple justified by HBM mix. In its update, RBC noted how the key debate for Micron centers on the duration of the current Memory upcycle. Memory markets have been experiencing extreme tightness due to surging GenAI demand and improved supply discipline, igniting discussions about long-term agreements (LTAs). While investors may remain skeptical about these LTAs in commodity memory markets, limited clean room capacity and structural supply constraints may extend the upcycle into 2027. Analyst Pajjuri further highlighted Micron's robust roadmap, noting that High Bandwidth Memory (HBM) content is growing at a rate that exceeds 50%. Particularly, the HBM4 transition represents a material tailwind for the company. The firm believes a higher peak valuation multiple is justified for Micron. "We see $50+ peak earnings potential and beli Show less Read more
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