
Micron Technology (MU) Stock Forecast & Price Target
Micron Technology (MU) Analyst Ratings
Bulls say
Micron Technology is experiencing significant growth, with a reported revenue increase of over 100% quarter-over-quarter in High Bandwidth Memory (HBM) and raised shipment targets, indicating a strengthened market position within a larger total addressable market of $30 billion. The company anticipates an increase in total server unit shipments in calendar year 2024, driven by robust demand for artificial intelligence and a traditional server refresh cycle, which will further bolster its performance in the data center segment. Additionally, the expectation of improved shipment levels and revenue growth in fiscal third quarter, alongside a more favorable operational expenditure outlook, reinforces a positive financial trajectory for Micron.
Bears say
Micron Technology's guidance for F2Q25 indicates a significant revenue miss, with a midpoint forecast of $7.9 billion, reflecting a -9.3% quarter-over-quarter decrease, and falling short of both internal estimates and broader market expectations. The company also anticipates declining shipments for both DRAM and NAND products, with NAND declines projected to be particularly pronounced in the upcoming quarter, compounding pressures on gross margins. Additionally, the outlook for NAND bit demand growth has been revised downward to the lower double-digit percentage range for both CY24 and CY25, which contributes to a cautious investment sentiment surrounding the firm's future performance.
This aggregate rating is based on analysts' research of Micron Technology and is not a guaranteed prediction by Public.com or investment advice.
Micron Technology (MU) Analyst Forecast & Price Prediction
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