Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessMicron Technology’s Price Target Boosted at Baird Ahead of Earnings

Micron Technology’s Price Target Boosted at Baird Ahead of Earnings

Add to Favorite
Added to Favorite


Baird analysts increased their price target for Micron Technology (NASDAQ:MU) to $172 from $150, maintaining their Outperform rating, ahead of the company’s upcoming Q3/24 earnings, scheduled to be released on Wednesday.
The analysts see significant upside for Micron, driven by strong DRAM pricing trends. They forecast that 8GB DDR4 DIMM contract pricing will rise 23% quarter-over-quarter in Q2, followed by increases of 8% in Q3 and 5% in Q4. Spot pricing is also expected to accelerate, moving from a low single-digit percentage increase in Q2 to a mid-teen percentage increase in Q4. This trend bodes well for contract pricing into 2025.
The analysts argue that a 30x P/E ratio is justified for Micron, considering its projected exposure to High Bandwidth Memory (HBM) as the company exits next year. Assuming HBM revenue accounts for 20% of Micron’s total DRAM revenue by the end of 2025, they project a potential $3 in EPS for fiscal year 2026.

Subscribe to get Latest News Updates

Latest News

You may like more
more