Wall Street analysts say this slide in Micron is a buying opportunity

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Wall Street analysts say this slide in Micron is a buying opportunity

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“******** solid.” UBS analyst Timothy Arcuri also encouraged investors to “cut through the noise” as ****** margins continue trudging higher. “Barring further investigation, we chalk this up to the yield challenges in ramping HBM and MU wanting to leave itself some room for error,” he said, trimming his price target to $153 from $155 a share. The shift reflects more than 7% upside from Wednesday’s close. MU 1D mountain Micron shares fall on in-line guidance Wells Fargo’s Aaron Rakers reiterated his overweight rating and $190 price target, implying more than 33% upside. He expects the ramp of the company’s latest high-bandwidth memory iteration to fuel upside for the stock, and boosted estimates for 2025 and 2026. Along with heightened memory demand for AI needs, Micron looks poised to benefit from several ongoing trends including cloud computing and data centers, said Bank of ********* analyst Vivek Arya. AI demand and pricing also support the stock valuation, currently near the top end of its historical book value range. “We believe we are beginning to pass the trough of the memory cycle as memory pricing improves, and see room for possible share gains in high-bandwidth memory (likely CY25E),” he wrote.

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Micron Technology Inc,Stock markets,Investment strategy,business news
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