Micron Stock Gets Boost From Wedbush Ahead Of Earnings: 'Destined To Cycle Higher'
Micron Stock Gets Boost From Wedbush Ahead Of Earnings: 'Destined To Cycle Higher'
Micron is due to report earnings for its fiscal third quarter after the market close on June 26. Analysts are looking for earnings of 49 cents per share and revenue of $6.634 billion, according to Benzinga Pro.Micron Technology Inc (NASDAQ:MU) shares are booming Tuesday after Wedbush lifted its price target on the stock ahead the company's earnings earnings next week.
週二，閃存供應商美光科技股票（NASDAQ: MU）出現大漲，因Wedbush在公司下週業績前提高了其股票價格目標。
What Happened: Wedbush analyst Matt Bryson on Tuesday maintained an Outperform rating on the stock and raised his price target from $130 to $170 as the analyst anticipates a beat-and-raise quarter next week.
事件背景：週二，Wedbush分析師Matt Bryson保持此前的“跑贏大盤”（Outperform）等級評估，將美光科技的股票價格目標從130美元上調至170美元，因他預計公司在下週將發佈業績大幅超越市場預期股份。
Bryson believes average selling prices were significantly higher than what was expected in the quarter. The analyst noted that NAND was likely up 25% quarter-over-quarter, while DRAM grew around 17%. As a result, Bryson now expects Micron to report earnings of 64 cents per share and revenue of $6.93 billion, easily exceeding consensus estimates.
Bryson認爲，在這一季度，美光科技的平均銷售價格顯著高於預期。他指出，NAND可能在上個季度增長25%，而DRAM增長約17%。因此，Bryson現在預計美光科技將報告每股收益爲64美分，營業收入爲69.3億美元，這將超過市場共識預期。
Micron is due to report earnings for its fiscal third quarter after the market close on June 26. Analysts are looking for earnings of 49 cents per share and revenue of $6.634 billion, according to Benzinga Pro.
美光科技將在6月26日收盤後發佈其第三財季的收益報告。根據Benzinga Pro的數據，分析師預計其每股收益爲49美分，營業收入爲66.34億美元。
"And, we'd note we see a strong probability that MU still exceeds our revised price assumptions on mix benefits," Bryson said.
Bryson表示：“我們注意到，我們認爲基於混合收益，我們仍然有很大的概率看到MU超過我們修正後的價格假設。”
The Wedbush analyst expects strength to continue into the fourth quarter with DRAM pricing up another 12% and NAND pricing up 11%. Bryson would not be surprised if Micron provides more cautious guidance than what he is modeling, but he expects guidance to "significantly exceed consensus" either way.
Wedbush分析師預計，DRAM定價將再次上漲12%，NAND定價上漲11%，強勁勢頭將持續到第四季度。Bryson認爲，即使美光科技提供的指引比他預想的更爲謹慎，他也不會感到驚訝，但他預計指引“將顯著超出市場共識”。
The analyst expects memory to remain in undersupply through the end of the year and likely for much of 2025. Given the supply dynamics, he believes average selling prices, revenue, margins and EPS are all "destined to cycle higher."
分析師預計，由於供應不足的情況會持續到今年年底，甚至可能一直持續到2025年，因此銷售價格、營業收入、利潤率和每股收益都將“有望週期性上升”。
"Net, we expect only positive news for MU's financials for some time to come, and expect the stock will continue to lift until we see a change in industry investment plans," Bryson said.
Bryson表示：“至此，我們預計MU財務報告將只有正面新聞，並且預計股票將持續上漲，直到我們看到行業投資計劃發生變化。”
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MU Price Action: Micron shares were up 6.3% at $157.14 at the time of publication, according to Benzinga Pro.
根據Benzinga Pro的數據，截至發佈時，美光科技的股價上漲6.3%，報157.14美元。
Photo: Shutterstock.
照片：shutterstock。
譯文內容由第三人軟體翻譯。