KeyBanc analyst John Vinh maintains $Micron Technology (MU.US)$ with a buy rating, and maintains the target price at $145.
According to TipRanks data, the analyst has a success rate of 61.4% and a total average return of 21.5% 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 stands out especially in light of the recently tempered expectations. The company's earnings per share guidance aligned with the consensus prior to the wave of negative revisions. The company successfully reached its sales target for HBM in FY24 and maintains its projection to generate several billion in sales next year. Additionally, Micron is on track to achieve their anticipated DRAM market share in HBM, although there are suggestions that the market forecast might be overly optimistic. While the company's management is performing strongly, there is a perception that the stock's valuation is on the higher side. It is suggested that there may be more attractive investment opportunities with better risk-reward profiles in the sectors of AI and memory.
Micron succeeded in delivering favorable outcomes in spite of intensifying macroeconomic challenges, bolstered by robust demand from data centers, which included the sustained expansion in sales of high-bandwidth memory (HBM), particularly those leveraged by AI. Despite anticipations of a milder fiscal second quarter owing to seasonal trends, projections for the fiscal years 2025 and 2026 earnings per share have seen a significant increase.
Micron is anticipated to achieve a balance between its High-Bandwidth Memory (HBM) market share and its overall DRAM market share by the calendar year 2025. This expectation is central to the investment thesis, given the belief that HBM could yield gross margins in the low-60% range and has the potential for a 60% compound annual growth rate. Despite recent adjustments, the stock is still considered a top pick, with the valuation deemed attractive and the market not yet fully recognizing the HBM opportunity.
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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KeyBanc分析師John Vinh維持$美光科技 (MU.US)$買入評級，維持目標價145美元。
根據TipRanks數據顯示，該分析師近一年總勝率為61.4%，總平均回報率為21.5%。
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，尤其是在最近預期疲軟的情況下，這一點尤其引人注目。該公司的每股收益指引與負面修正浪潮之前的共識一致。該公司在24財年成功實現了HbM的銷售目標，並維持了明年實現數十億美元銷售額的預測。此外，儘管有人認爲市場預測可能過於樂觀，但美光有望在HbM中實現預期的DRAM市場份額。儘管該公司的管理層表現強勁，但有人認爲該股的估值處於較高水平。有人認爲，在人工智能和記憶領域，風險回報率更高，可能會有更具吸引力的投資機會。
儘管宏觀經濟挑戰加劇，但美光還是成功地取得了良好的業績，這得益於數據中心的強勁需求，其中包括高帶寬存儲器（HBM）的銷售持續增長，尤其是那些由人工智能利用的存儲器。儘管由於季節性趨勢，預計第二財季將溫和，但對2025年和2026財年的每股收益的預測已大幅增加。
預計到2025日曆年，美光將在其高帶寬存儲器（HBM）市場份額和整體DRAM市場份額之間實現平衡。這一預期是投資論點的核心，因爲人們認爲HbM可以使毛利率保持在-60％的低水平範圍內，並且有可能實現60％的複合年增長率。儘管最近進行了調整，但該股仍被視爲首選，其估值被認爲具有吸引力，市場尚未完全意識到HbM的機會。
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