KeyBanc Reiterates Overweight Rating on Micron Technology (MU)

KeyBanc analyst John Vinh reiterated an Overweight rating and $1,750.00 price target on Micron Technology (NASDAQ: MU)

The analyst comments: “MU reported strong F4Q (Aug) results and F1Q (Nov) guidance, which solidly exceeded expectations, as DRAM/NAND pricing incr. high teens% / +30% q/q. Notably MU indicated it has signed 26 SCAs, up from 16 last quarter with two extensions into 2031, with the SCAs covering 35% of revs through 2030. Also, deposits have increased to $32B ($22B prior). MU also indicated CY27 demand is stronger vs. last qtr and now expects supply tightness to persist in CY28. We're encouraged by these results and are raising ests.”

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 $1065.11 yesterday.

You May Also Be Interested In

• Deutsche Bank Reiterates Buy Rating on Micron Technology (MU)
• TD Cowen Starts Teva Pharma (TEVA) at Buy
• Mizuho Upgrades BJ's Restaurants (BJRI) to Outperform