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Micron (MU) Gets $500 Target as AI Drives DRAM and NAND Demand [Yahoo! Finance]

Micron Technology, Inc. (MU)  More Company Research Source: Yahoo! Finance
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
The firm is strongly bullish on Micron as it views memory and storage demand accelerating in the AI era. Micron's November quarter results and February quarter guidance was well above consensus, Rosenblatt noted. The newly negotiated DRAM and NAND Flash prices combined with continued cost declines have been key factors driving performance. This has led the management to guide February quarter Non-GAAP GM to a record high of 68%, with demand anticipated to outstrip supply into CY27. The outlook reflects Micron's strengthening position in memory and storage markets. Overall, the firm sees record gross margins and tight supply leading to long-term upside. “We are moderating the revenue growth and gross margin expansion going into CY27 considering long-term agreements will likely control ASP increases. Despite this cautious view, we estimate $36 in FY27E earnings. Using the same 14x FY27 EPS, we move our 12-month price target to $500 (from $300). We continue recommending MU for th [Read more]
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Stockreport

Micron (MU) Gets $500 Target as AI Drives DRAM and NAND Demand [Yahoo! Finance]

Micron Technology, Inc.  (MU) 
More Company Research Source: Yahoo! Finance
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
The firm is strongly bullish on Micron as it views memory and storage demand accelerating in the AI era. Micron's November quarter results and February quarter guidance was well above consensus, Rosenblatt noted. The newly negotiated DRAM and NAND Flash prices combined with continued cost declines have been key factors driving performance. This has led the management to guide February quarter Non-GAAP GM to a record high of 68%, with demand anticipated to outstrip supply into CY27. The outlook reflects Micron's strengthening position in memory and storage markets. Overall, the firm sees record gross margins and tight supply leading to long-term upside. “We are moderating the revenue growth and gross margin expansion going into CY27 considering long-term agreements will likely control ASP increases. Despite this cautious view, we estimate $36 in FY27E earnings. Using the same 14x FY27 EPS, we move our 12-month price target to $500 (from $300). We continue recommending MU for th [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MU
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS