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'
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Wells Fargo Reiterates Overweight Rating on Micron Technology (MU)
June 28, 2024 5:21 AM EDTWells Fargo analyst Aaron Rakers reiterated an Overweight rating and $190.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "Gov't Incentives: During F3Q24 MU received $33M in gov't incentives to offset capex vs. $149M in F2Q24; $184M a yr ago. MU now... More
Cantor Fitzgerald Reiterates Overweight Rating on Micron Technology (MU)
June 27, 2024 7:58 AM EDTCantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $180.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "While May Q EPS results came in better than consensus ($0.62 vs. cons $0.48), the August Q EPS guide ($1.08), while better than consensus ($1.02), was below buyside expectations ($1.20+) sending shares lower post-close. Obviously this is disappointing but clearly fits with traditional conservatism from Microns management team. All eyes were on rumored poor yields for Microns HBM3E which management dismissed highlighting greater than $100M in revenues in the May Q at GMs that exceeded overall... More
CFRA Reiterates Buy Rating on Micron Technology (MU)
June 27, 2024 7:50 AM EDTCFRA analyst Angelo Zino reiterated a Buy rating and $170.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "We keep our 12-month target at $170, on a P/E of 13.5x our CY 25 EPS view, near historical. We raise our FY 24 (Aug.) EPS to $1.17 from $1.04 while... More
Barclays Reiterates Overweight Rating on Micron Technology (MU)
June 27, 2024 6:22 AM EDTBarclays 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 EDTUBS 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 EDTBofA 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
Citi Reiterates Buy Rating on Micron Technology (MU), Top Pick
June 27, 2024 5:37 AM EDTCiti analyst Christopher Danely reiterated a Buy rating and $175.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "Yesterday after the close, Micron reported above Consensus results and guidance as previewed driven by higher pricing. We believe MU stock is selling off... More
Mizuho Reiterates Outperform Rating on Micron Technology (MU), 'will continue to see HBM strength'
June 27, 2024 5:36 AM EDTMizuho 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 EDTStifel 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 EDTBaird 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 EDTJPMorgan 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
Stocks expected to have increasing option volume: MU LEVI MCK APOG WBA
June 27, 2024 4:57 AM EDTStocks expected to have increasing option volume: MU LEVI MCK APOG WBA
... MoreMicron Technology (MU) PT Raised to $160 at KeyBanc
June 27, 2024 2:07 AM EDT(Updated - June 27, 2024 10:46 AM EDT)
KeyBanc analyst John Vinh raised the price target on Micron Technology (NASDAQ: MU) to $160.00 (from $150.00) while maintaining a Overweight rating.
The analyst commented, "MU reported strong F3Q results, which beat, and guided F4Q... More
After-hours movers: Micron Technology, Levi, AeroVironment, and more
June 26, 2024 4:56 PM EDTAfter-Hours Stock Movers:
Micron Technology (NASDAQ: MU) shares declined 6% after it published quarterly results and issued guidance. Despite beating the average analyst estimate for the third quarter and topping forecasts for the fourth quarter, Micron didn't deliver the blowout some investors were... More
Micron Q3 results beats estimates on AI-led memory chip demand; guidance in-line
June 26, 2024 4:38 PM EDTnvesting.com -- Micron reported Wednesday fiscal third-quarter results that beat Wall Street estimates on as the growing need for artificial intelligence-optimised hardware boosted memory chip demand.
Micron Technology Inc (NASDAQ: MU) shares down about 7% in after-hours trading following the report.
For... More
Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up
June 26, 2024 4:09 PM EDTBy Harshita Mary Varghese and Max A. Cherney
(Reuters) -Micron Technology beat estimates for third-quarter revenue on Wednesday driven by strong demand for its memory chips, but its current-quarter forecast disappointed investors who were upbeat about the chipmaker's performance in the AI boom.
Shares of the Idaho-based firm fell 7.2% in extended trading after it forecast fourth-quarter revenue largely in line with expectations. The stock had risen 13% this month, ahead of earnings, on investor optimism that Micron would benefit from AI-driven demand.
"Micron's... More
Micron Technology (MU) Tops Q3 EPS by 14c, Offers Guidance
June 26, 2024 4:02 PM EDTMicron Technology (NASDAQ: MU) reported Q3 EPS of $0.62, $0.14 better than the analyst estimate of $0.48. Revenue for the quarter came in at $6.81 billion versus the consensus estimate of $6.66 billion.
GUIDANCE:
Micron Technology sees Q4 2024 EPS of $1.00-$1.16, versus the consensus of $1.02.... More
Popular stocks with increasing volume: MU CMG FFIE CCL FDX BAC HOOD PFE RIVN
June 26, 2024 3:20 PM EDTPopular stocks with increasing volume: MU CMG FFIE CCL FDX BAC HOOD PFE RIVN
... MoreMicron Technology (MU) June 28 weekly 140 and 142 calls active into quarter results
June 26, 2024 11:21 AM EDTMicron Technology (NASDAQ: MU) June weekly call option implied volatility is at 211, July is at 80; compared to its 52-week range of 27 to 73 into the expected release of quarter results today after the bell. Call put ratio 2.8 calls to 1 put with focus on a trade of June 28 weekly 140 and 142 calls.
... MoreMicron (MU) gains ahead of EPS and as Samsung set to raise DRAM, NAND prices
June 26, 2024 7:46 AM EDTPre-market gains in Micron Technology (NASDAQ: MU) come ahead of earnings after the close, and amid headlines that Samsung is raising DRAM and NAND prices by 15-20% in Q3.
Maeil Business Newspaper reported that Samsung recently alerted large clients like Dell... MoreMicron earnings preview: Analysts unveil new price targets ahead of Q3 print
June 26, 2024 7:00 AM EDTMemory chipmaker Micron Technology (NASDAQ: MU) is due to report its earnings for the fiscal Q3 2024 following the market close on Wednesday, with investors keenly waiting to see how the company is benefiting from the surging demand for AI and its collaboration with market darling Nvidia (NASDAQ: NVDA).
Per consensus estimates, analysts expect Micron's revenue to reach $6.7 billion for the third quarter, an increase from both the previous quarter and the same period last year. Net income is projected at $399.39 million, a significant turnaround from the $1.9... More
Micron Technology (MU) July and August 140 calls active into quarter results and outlook
June 26, 2024 4:32 AM EDTMicron Technology (NASDAQ: MU) June weekly 141 straddle priced for a move of 13% into the expected release of quarter results today after the bell with a focus on July and August 140 calls.
... MorePopular stocks with increasing volume: CHWY RIVN MU GOOG DJT PLTR WMT CVNA
June 25, 2024 1:47 PM EDTPopular stocks with increasing volume: CHWY RIVN MU GOOG DJT PLTR WMT CVNA
... MoreMicron Technology (MU) June 28 weekly 140 calls active into quarter results
June 25, 2024 10:52 AM EDTMicron Technology (NASDAQ: MU) June weekly call option implied volatility is at 168, July is at 76; compared to its 52-week range of 27 to 73 into the expected release of quarter results after the bell on June 26. Call put ratio 2.9 calls to 1 put with focus on a... More
JPMorgan says Micron stock could peak near $200
June 25, 2024 7:15 AM EDTA JPMorgan analyst said in a note this week that he expects a strong outlook from Micron Technology (NASDAQ: MU) despite the early April Taiwan Earthquake impacting current quarter revenues.
The analyst predicts significant growth for Micron, citing factors like a strong HBM... More
Micron Technology (MU) 2K contracts of September 250 calls active into quarter results
June 25, 2024 5:27 AM EDTMicron Technology (NASDAQ: MU) June weekly 139 straddle priced for a move of 14% into the expected release of quarter results after the bell with a focus on 2K contracts of September 250 calls trading at 88c.
... More