Micron Technology (MU) PT Raised to $135 at KeyBanc, 'Strong Results Reflect Improving Pricing'

Micron Technology (MU) PT Raised to Street High $225 at Rosenblatt

Rosenblatt analyst Hans Mosesmann raised the price target on Micron Technology (NASDAQ: MU) to $225.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "Micron crushed its February quarter print and May quarter outlook on strong AI momentum, general market recovery, and a faster-than-expected impact to DRAM supply on aggressive HBM3e wafer allocation (requires 3x the number of wafers vs. DDR5). HBM3e alone will drive most of the DRAM... More

Micron Technology (MU) PT Raised to $130 at Piper Sandler

Piper Sandler analyst Harsh Kumar raised the price target on Micron Technology (NASDAQ: MU) to $130.00 (from $95.00) while maintaining a Overweight rating.

The analyst comments "Micron reported stellar results and guidance primarily driven by end-market tailwinds which we expect to last through... More

Micron Technology (MU) PT Raised to $120 at Needham

Needham analyst N. Quinn Bolton raised the price target on Micron Technology (NASDAQ: MU) to $120.00 (from $100.00) while maintaining a Buy rating.

The analyst comments "Micron posted a very strong beat and raise F2Q24 as the memory market inflects higher across the... More

Micron Technology (MU) PT Raised to $135 at Cantor Fitzgerald, 'Don’t Overthink It, the Memory Cycle is Just Getting Started'

Cantor Fitzgerald analyst C.J. Muse raised the price target on Micron Technology (NASDAQ: MU) to $135.00 (from $120.00) while maintaining a Overweight rating.

The analyst comments "Expectations were high, but Micron certainly delivered the goods. The May Q outlook is better any way you... More

Micron Technology (MU) PT Raised to $150 at TD Cowen

TD Cowen analyst Karl Ackerman raised the price target on Micron Technology (NASDAQ: MU) to $150.00 (from $120.00) while maintaining a Outperform rating.

The analyst comments "Results/guide were flawless & surpassed even the most bullish expectations we heard. With the stock trading at ~13x... More

Micron Technology (MU) PT Raised to $98 at Morgan Stanley

Morgan Stanley analyst Joseph Moore raised the price target on Micron Technology (NASDAQ: MU) to $98.00 (from $78.00) while maintaining a Underweight rating.

The analyst comments "This was a good quarter from Micron, better than expected as better pricing fell through to... More

Micron Technology (MU) PT Raised to $122 at Goldman Sachs

Goldman Sachs analyst Toshiya Hari raised the price target on Micron Technology (NASDAQ: MU) to $122.00 (from $112.00) while maintaining a Buy rating.

The analyst comments "Micron reported very strong FY2Q results driven by robust DRAM/NAND pricing and guided FY3Q non-GAAP... More

After-hours movers: Micron, Chewy, Five Below and more

After-Hours Stock Movers:

Micron Technology (NASDAQ: MU) gained 13% after reporting a surprise profit in the second quarter, topping revenue estimates, and beating consensus estimates for third quarter guidance.

Chewy (NYSE: CHWY) was volatile... More

Micron delivers upbeat guidance after swinging to surprise profit in Q2

Investing.com -- Micron reported Tuesday upbeat guidance for the current quarter after the chipmaker swung to a surprise profit in the fiscal second-quarter as memory price hikes boosted performance amid growing AI-driven demand.

Micron Technology Inc (NASDAQ: MU) shares rose about 11% in... More

Chipmaker Micron's shares surge as AI boom drives strong forecast

By Arsheeya Bajwa and Harshita Mary Varghese

(Reuters) -Memory chip maker Micron Technology tapped a surge in artificial intelligence adoption to forecast third-quarter revenue above estimates on Wednesday and post a surprise quarterly profit.

Its shares shot up more than 16% in extended trading, adding to a rise of more than 60% over the last 12 months. Micron's stock was last at about $110, and a close at that level on Thursday would be its highest ever.

The strong report and forecast underscore surging demand for high-end memory chips and other advanced semiconductors as big tech companies race to incorporate generative... More

Micron Technology (MU) Tops Q2 EPS by 68c, Guidance Beats

Micron Technology (NASDAQ: MU) reported Q2 EPS of $0.42, $0.68 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $5.82 billion versus the consensus estimate of $5.33 billion.

GUIDANCE:

Micron Technology sees Q3 2024 EPS of $0.38-$0.52, versus the consensus of $0.20.... More

Nvidia GTC: Citi discusses implications for Intel, Micron and AMD stock

In a note to clients this week, analysts at Citi discussed the implications for Intel (NASDAQ: INTC), Micron Technology (NASDAQ: MU), and AMD (NASDAQ: AMD) after Jen-Hsun Huang, CEO of NVIDIA... More

Micron Technology (MU) call put ratio 2.1 calls to 1 put into quarter results

Micron Technology (NASDAQ: MU) March weekly call option implied volatility is at 158, April is at 55; compared to its 52-week range of 27 to 59 into the expected release of quarter results today after the bell. Call put ratio 2.1 calls to 1 put.

Micron stock: What will come out of the upcoming earnings report

Micron Technology (NASDAQ: MU) is set to report its earnings for the fiscal Q2 2024 following the markets closing bell.

In his preview of the print, Barclays analyst Tom O'Malley said he expects another strong beat and raise from MU, largely on the back of better DRAM pricing from HBM.

We see upside to numbers, particularly after our visit to Asia (see note here), where we picked up more positive commentary on share in HBM3e. MU is the number two supplier of the H200, which is expected to ramp materially in Q2, the analyst... More

Micron Technology (MU) March weekly 94 straddle into quarter results

Micron Technology (NASDAQ: MU) March weekly 94 straddle priced for a move of 9% into the expected release of quarter results after the bell on March 20.

Fed decision, Samsung, UK inflation - what's moving markets

Investing.com -- The U.S. Federal Reserve concludes its policy-setting meeting later in the session, and this is keeping volatility low. Samsung has gained on reports it could be working with Nvidia (NASDAQ: NVDA), while U.K. inflation fell by more than expected the day before the Bank of England meets to discuss monetary policy.

The Federal Reserve concludes its latest two-day policy meeting later Wednesday, and investors will be closely following events... More

Micron Technology (MU) PT Raised to $110 at CFRA

CFRA analyst Angelo Zino raised the price target on Micron Technology (NASDAQ: MU) to $110.00 (from $94.00) while maintaining a Buy rating.

The analyst comments "We boost our 12-month target to $110 from $94, on a P/E of 12.6x our CY 25 EPS view, near MU's long-term... More

Micron Technology (MU) call put ratio 2.2 calls to 1 put into quarter results

Micron Technology (NASDAQ: MU) March weekly call option implied volatility is at 121, April is at 51; compared to its 52-week range of 27 to 59 into the expected release of quarter results after the bell on March 20. Call put ratio 2.2 calls to 1 put.