Micron (MU) holds a $955 price target, backed by 16 take-or-pay customer agreements and over $1 billion in HBM4 revenue already booked.
Micron outguns NVIDIA (NVDA) and Western Digital (WDC) on gross margin at 85% while trading at a forward P/E of just 6.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Micron Technology (NASDAQ:MU) sits at the center of the AI memory trade. With NVIDIA (NASDAQ:NVDA) reporting later this week, the setup for its lead HBM supplier warrants careful pricing. Micron has run from the mid $120s a year ago to $910.43, and our proprietary model sees room to run into the earnings report.
Our 24/7 Wall St. price target for Micron is $954.59 over the next 12 months, implying 4.85% upside from Monday's close. The model returns a hold at high confidence (90%), reflecting a stock near fair value after a violent revaluation but tethered to the strongest memory cycle on record.
#NVIDIA #technology #target #memory
Micron outguns NVIDIA (NVDA) and Western Digital (WDC) on gross margin at 85% while trading at a forward P/E of just 6.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Micron Technology (NASDAQ:MU) sits at the center of the AI memory trade. With NVIDIA (NASDAQ:NVDA) reporting later this week, the setup for its lead HBM supplier warrants careful pricing. Micron has run from the mid $120s a year ago to $910.43, and our proprietary model sees room to run into the earnings report.
Our 24/7 Wall St. price target for Micron is $954.59 over the next 12 months, implying 4.85% upside from Monday's close. The model returns a hold at high confidence (90%), reflecting a stock near fair value after a violent revaluation but tethered to the strongest memory cycle on record.
#NVIDIA #technology #target #memory
3 months ago
