Micron ($MU) is set to release its earnings, with analysts anticipating positive results based on the stock's all-time high and high P/E ratio. Analysts have raised price targets, with expectations for strong sales growth driven by AI demand and memory sector spending. Major financial institutions like JP Morgan, Goldman Sachs, and BofA have revised their price targets upwards, reflecting bullish outlooks for Micron.
$MU | JP Morgan Raises Micron's PT to $180 from $130, Reiterates Overweight Rating
Analysts raise numbers on Micron $MU stock, urge investors to buy the dip https://t.co/0nSGfeA7BE https://t.co/xvYiOr2VJu
$MU #Micron Analyst Revisions & Ratings 🔸 Needham: Raised to $150 from $120 - Buy 🔸 UBS: Cut to $153 from $155 - Neutral 🔸 CFRA: Maintained at $170 - Buy 🔸 Mizuho: Maintained at $155 - Outperform 🔸 Barclays: Maintained at $145 - Overweight
$MU #Micron Analyst Revisions & Ratings 🔸 TD Cowen: Raised to $160 from $150 - Buy 🔸 KeyBanc: Raised to $160 from $150 - Overweight 🔸 Goldman Sachs: Raised to $158 from $138 - Buy 🔸 Piper Sandler: Raised to $150 from $130 - Overweight
$MU | BofA Reiterates Buy Rating with $170 PT Analyst Comments: "We now anticipate sales to grow +78%/+41% YoY. FQ2 modestly above, FQ3 came in-line. Micron (MU) fully ramping HBM3e, expected to reach “several hundred million” sales in FY24 and “multi-billion” dollar run-rate in… https://t.co/qnASpCputO
$MU BofA - 'we now anticipate sales to grow +78%/+41% YoY' FQ2 modestly above, FQ3 came in-line. As anticipated, Micron (MU) has now begun fully ramping HBM3e (NVDA H200s), expected to reach “several hundred million” sales in FY24 and “multi-billion” dollar run-rate in FY25…
$MU price target raised to $180 from $130 at JPMorgan $MU should be bought on post-earnings selloff, says Citi $MU target raised to $160 from $150 at KeyBanc $MU price target raised to $150 from $130 at Piper Sandler $MU price target lowered to $153 from $155 at UBS
$MU | Goldman Sachs Raises Micron Target Price To $158 From $138
$MU | JP Morgan Raises Micron's PT to $180 from $130, Reiterates Overweight Rating Analyst Comments: "Micron's strong DRAM/NAND momentum, driven by AI demand, underpins our bullish outlook. HBM3e capacity is sold out through CY25, with significant growth expected in FY25.… https://t.co/QQbz4U6GJy
Micron has gone full blown parabolic on the monthly chart... Will they have the earnings results to back it up today? 🧐 $MU https://t.co/tJXrUWzx1N
Micron $MU moment of truth is upon us. $NVDA $AMD $AVGO https://t.co/TzjwLtwtIP https://t.co/clOS1YOmK9
Micron $MU earnings preview: Analysts unveil new price targets ahead of Q3 print https://t.co/R89AZBgysO https://t.co/OyDAs88MrR
Micron $MU Earnings Setup - Stock Sits at an ATH and Expensive P/E Data in the table is choppy due to EPS dipping into negative territory recently, but 19x off of $7/sh expected earnings reflects expectations for a new spending cycle in the memory sector. Results tomorrow AH. https://t.co/w2Ibu5sVsB https://t.co/yw1QDyoFTf
Micron $MU Earnings Setup - Stock Sits at an ATH and Expensive P/E Data in the table is choppy due to EPS dipping into negative territory recently, but 19x off of $7/sh expected earnings reflects expectations for a new spending cycle in the memory sector. Results tomorrow PM. https://t.co/qaPRSnDkJF https://t.co/yw1QDyoFTf