
Micron Technology (MU) Stock Forecast & Price Target
Micron Technology (MU) Analyst Ratings
Bulls say
Micron Technology demonstrated a positive financial trajectory with bit shipments experiencing low single-digit percentage growth alongside a significant 20% quarter-over-quarter increase in pricing, largely attributed to tight DRAM supply and a favorable shift towards data center and high-bandwidth memory (HBM) products. The company's gross margins are projected to expand by approximately 11 percentage points to 68.0%, driven by revenue growth skewed towards DRAM, robust pricing, an advantageous product mix, and improved cost efficiencies. Additionally, NAND revenue reached a record $2.7 billion, marking a 22% increase both quarter-over-quarter and year-over-year, while significant contributions from mobile and automotive sectors further underpin the firm's strong financial performance across diverse applications.
Bears say
Micron Technology faces significant headwinds due to challenges in demand for both DRAM and NAND products, with anticipated oversupply conditions threatening revenue stability. The company's focus on higher-margin specialty DRAM segments may not sufficiently offset potential declines from its exposure to the weakening PC market and competitive pressures. Additionally, ongoing macroeconomic uncertainties and capacity constraints hinder Micron's ability to meet customer demands, compromising its financial outlook through the next few years.
This aggregate rating is based on analysts' research of Micron Technology and is not a guaranteed prediction by Public.com or investment advice.
Micron Technology (MU) Analyst Forecast & Price Prediction
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