Rosenblatt: 'We believe these legacy markets will increasingly need to match the higher margins paid in the HBM segment'

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $200.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "With a press release, Micron has pre-announced stronger-than-expected results for its August-ending quarter, driven by DRAM and NAND Flash prices rising above expectations. The improvement stems from disciplined wafer supply spending and a greater allocation of DRAM wafers toward meeting surging HBM demand. This reallocation, away from traditional DDR5 dies for servers, PCs, and smartphones, is tightening supply in those markets. We believe these legacy markets will increasingly need to match the higher margins paid in the HBM segment. Notably, Micron is seeing growing customer requests for customized HBM4E solutions—introducing the potential for meaningful product differentiation in what has historically been a commodity business. We maintain MU shares as our top long idea, as AI-driven demand reshapes the DRAM industry."

For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.

Shares of Micron Technology closed at $118.89 yesterday.

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