Professional
Added to YB: 2024-09-27
Pitch date: 2024-09-27
MU [bullish]
Micron Technology, Inc.
+783.16%
current return
Author Info
No bio for this author
Company Info
Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally.
Market Cap
$1.1T
Pitch Price
$105.44
Price Target
140.00 (-85%)
Dividend
N/A
EV/EBITDA
9.28
P/E
12.82
EV/Sales
7.58
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Bernstein Sets $140 Price Target for Micron
MU: Outperform, PT $140. FQ4 solid, FQ1 revenue guide +5%. ASP up despite expectations. HBM on track, capacity under-built. HBM TAM $25B, 6% of bits. Supply discipline, capex mid-30% of rev. FQ2 slow but HBM mix helps. 2HFY25 demand acceleration expected. Bernstein bullish.
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