CayChan
15:09
$Micron Technology(MU)$  

Major themes: Micron beat EPS & revenue expectations, provided strong guidance, and analysts have responded with multiple price-target raises and rating changes, especially on AI/HBM demand drivers.

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🧠 1. Current Consensus & Ratings

Analyst Consensus

• Consensus Rating: Buy

• Consensus Price Target: ~$288 (with a wide range)

• High Target: up to $500

• Low Target: around $150 

Interpretation: Most analysts see upside potential from current trading levels, though targets vary widely due to differing assumptions about memory pricing and supply cycles.

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📈 2. Recent Upgrades & Bullish Calls

🔹 BofA Securities

• Upgraded from Neutral to Buy

• Raised target to $300

• Cited strong AI-driven demand & tighter memory supply

• Raised EPS estimates materially for 2026–28 

🔹 KeyCorp

• Raised price target from ~$215 to $325

• Maintained Overweight/Buy

• Multiple analyst houses also increased targets recently (Raymond James, Piper Sandler, etc.)

• Consensus rating skewed strongly positive (30 Buys, few Holds) 

🔹 TipRanks Data

• Analyst consensus has ~25 Buy ratings and a few Holds

• Recent individual price targets have averaged in the $300+ range 

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🤝 3. Mixed Views from Major Brokers

🔸 Goldman Sachs

• Neutral rating

• $235 target

• Acknowledges strong performance but views valuation as closer to fair value at current prices 

🔸 UBS (Earlier)

• Maintained a Buy and raised the target to ~$245 (historical context)

• Highlights supply shortage dynamics in DRAM markets 

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📊 4. Drivers Behind Analyst Views

📌 Bullish Thesis

1. AI & High Bandwidth Memory (HBM)

• Strong demand from AI servers & data centers

• Supply tightness -> pricing power

2. Earnings Beat & Guidance

• Q1 2026 results exceeded expectations

• Q2 guidance stronger than consensus (EPS & revenue)

• Management reaffirmed long-term opportunities 

3. Capital Expenditure Intent

• Strategic capacity expansion supported by CHIPS Act & long-term contracts

• Some analysts see this as growth enabler 

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📉 5. Risks & Cautionary Views

⚠ Valuation Concerns

• Some analysts (e.g., Goldman Sachs) view the stock as closer to full valuation, especially after rapid gains. 

⚠ Competitive Pressures

• Potential market entry from rivals in HBM could pressure pricing & share. 

⚠ Range of Targets Reflects Uncertainty

• High targets (e.g., $500) vs. low targets (around $150) show divergent expectations around memory pricing cycles and macro demand.



Micron Jumps 10%! Is Memory The Next Nvidia Trade?
Micron reported revenue and adjusted EPS that both exceeded Wall Street expectations, while issuing a strong outlook for the current quarter. With expectations now elevated, the focus may shift toward sustainability of margins and the durability of the current demand cycle. ---------- Have you bet on memory sector? Is Micron's nvidia moment coming?
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Comments

  • Merle Ted
    18:40
    Merle Ted
    Bricklayers are and always getting paid regardless if business ( Data Centers ) is not making money. Look at at your house if you have it. MU is winner in that field . AI can’t succeed without these bricklaye
  • Venus Reade
    18:39
    Venus Reade
    Believe or not, MU sales and profit may surpass AVGO... Think about that..
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