Baird analyst Tristan Gerra maintains $Micron Technology (MU.US)$ with a buy rating, and adjusts the target price from $172 to $150.
According to TipRanks data, the analyst has a success rate of 51.3% and a total average return of 8.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Micron Technology (MU.US)$'s main analysts recently are as follows:
Micron delivered a robust quarter and outlook, which is particularly notable given the tempered recent expectations. The company provided EPS guidance that aligned with consensus estimates prior to recent negative adjustments. They reached their target of several hundred million in HBM sales for FY24 and are holding on to their projection of achieving several billion next year. Additionally, they expect to attain their desired DRAM market share—mid-20s—in HBM. However, the market forecast is perceived as overly optimistic. Management at Micron is performing well, yet the stock's valuation is considered high. It is suggested that there are more favorable risk-reward opportunities in other areas of AI and memory.
Micron has reported results that exceeded expectations and also raised future guidance, despite facing growing macroeconomic challenges. This performance is supported by robust demand in the data center sector, which is further bolstered by the company's growth in high-bandwidth memory sales that leverage artificial intelligence. Although a milder fiscal second quarter is anticipated due to seasonality, the projections for FY25 and FY26 earnings per share have been increased significantly.
Micron anticipates that its share of the High Bandwidth Memory (HBM) market will align with its general DRAM market share by the calendar year 2025, a central point of the investment thesis due to the belief that HBM can yield gross margins in the low-60% range and represent a 60% compound annual growth rate (CAGR). The view is that the stock remains undervalued and the potential of the HBM market has not been completely factored into its current pricing.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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貝雅分析師Tristan Gerra維持$美光科技 (MU.US)$買入評級，並將目標價從172美元下調至150美元。
根據TipRanks數據顯示，該分析師近一年總勝率為51.3%，總平均回報率為8.5%。
此外，綜合報道，$美光科技 (MU.US)$近期主要分析師觀點如下：
美光公佈了強勁的季度表現和前景，鑑於近期預期疲軟，這一點尤其引人注目。在最近的負面調整之前，該公司提供的每股收益指引與市場普遍預期一致。他們實現了24財年HbM銷售額數億的目標，並保持了明年實現數十億英鎊的預測。此外，他們希望在HbM中達到他們想要的DRAM市場份額（20年代中期）。但是，市場預測被認爲過於樂觀。美光的管理層表現良好，但該股的估值被認爲很高。有人認爲，在人工智能和記憶的其他領域還有更有利的風險回報機會。
儘管面臨越來越多的宏觀經濟挑戰，但美光公佈的業績超出了預期，也提高了未來指引。這一業績得到了數據中心行業強勁需求的支持，該公司利用人工智能的高帶寬存儲器銷售增長進一步推動了這一增長。儘管由於季節性因素，預計第二財季將溫和，但對25財年和26財年每股收益的預測已大幅提高。
美光預計，到2025日曆年，其在高帶寬存儲器（HBM）市場的份額將與其一般DRAM市場份額保持一致，這是投資論點的中心點，因爲人們認爲HbM可以在-60％的低範圍內產生毛利率，複合年增長率（CAGR）爲60％。有人認爲，該股仍被低估，其當前定價尚未完全考慮HbM市場的潛力。
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