Micron Technology (MU) June 28 weekly 140 calls active into quarter results

Go back to Micron Technology (MU) June 28 weekly 140 calls active into quarter results

Barclays Reiterates Overweight Rating on Micron Technology (MU)

June 27, 2024 6:22 AM EDT

Barclays analyst Tom O\'Malley reiterated an Overweight rating and $145.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "Results came in largely as expected and to be honest what could the company possibly have done to impress with where... More

Micron Technology (MU) PT Lowered to $153 at UBS, 'Cut Through The Noise And Keep Following Gross Margins Higher', 'remains one of our top AI play'

June 27, 2024 6:17 AM EDT

UBS analyst Timothy Arcuri lowered the price target on Micron Technology (NASDAQ: mu) to $153.00 (from $155.00) while maintaining a Buy rating.

The analyst comments "Guidance was a bit tepid and we did not love the FQ1 (Nov) gross margin commentary, but we still think it's ultimately just noise and gross margin keeps moving higher through most, if not all, of C2025... More

BofA Securities Reiterates Buy Rating on Micron Technology (MU), 'we now anticipate sales to grow +78%/+41% YoY'

June 27, 2024 6:06 AM EDT

BofA Securities analyst Vivek Arya reiterated a Buy rating and $170.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "FQ2 modestly above, FQ3 came in-line. As anticipated, Micron (MU) has now begun fully ramping HBM3e (NVDA H200s), expected to reach several hundred million sales in FY24 and multi-billion... More

Mizuho Reiterates Outperform Rating on Micron Technology (MU), 'will continue to see HBM strength'

June 27, 2024 5:36 AM EDT

Mizuho analyst Vijay Rakesh reiterated an Outperform rating and $155.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "We believe MU will continue to see HBM strength as we continue to estimate C25E HBM revenues in the ~$3-4B range. We... More

Stifel Reiterates Buy Rating on Micron Technology (MU), 'we remain encouraged'

June 27, 2024 5:32 AM EDT

Stifel analyst Brian Chin reiterated a Buy rating and $165.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "Though Microns earnings and quarterly outlook exceeded consensus, expectations were clearly elevated ahead of Wednesdays print, causing the stock to trade-off in the... More

Baird Reiterates Outperform Rating on Micron Technology (MU)

June 27, 2024 5:31 AM EDT

Baird analyst Tristan Gerra reiterated an Outperform rating and $172.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "Higher capex, primarily dedicated to the ramp of HBM, is in support of the strong demand ahead notably driven by AI.... More

Micron Technology (MU) PT Raised to $180 at JPMorgan, 'We believe the stock should continue to outperform through 2024'

June 27, 2024 5:30 AM EDT

JPMorgan analyst Harlan Sur raised the price target on Micron Technology (NASDAQ: MU) to $180.00 (from $130.00) while maintaining a Overweight rating.

The analyst comments "Micron reported better-than-expected May-Qtr results (Revenue, GMs, and EPS ) and provided and a stronger EPS outlook for the Aug-Qtr outlook (in-line Revenue/GMs but better operating leverage) reflecting a strong HBM ramp and continued DRAM/NAND pricing increases as the team continues to move through the early stages of the memory cycle up-cycle. Overall this is in-line with our preview (see note here). The team expects DRAM... More

Micron Technology (MU) PT Raised to $158 at Goldman Sachs, 'we see the stock’s recent pullback, if anything, as an opportunity to add to positions'

June 27, 2024 5:29 AM EDT

Goldman Sachs analyst Toshiya Hari raised the price target on Micron Technology (NASDAQ: MU) to $158.00 (from $138.00) while maintaining a Buy rating.

The analyst comments "While Micron reported strong FY3Q (May) results that comfortably exceeded Street consensus, the stock is... More