Added to YB: 2024-03-22
Pitch date: 2024-03-21
MU [bullish]
Micron Technology, Inc.
+122.18%
current return
Author Info
No bio for this author
Company Info
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.
Market Cap
$266.3B
Pitch Price
$108.53
Price Target
225.00 (-7%)
Dividend
0.19%
EV/EBITDA
14.78
P/E
31.25
EV/Sales
7.22
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Micron Technology, Inc. Strong AI Demand and Memory Cycle Optimism (Rosenblatt)
MU: Rosenblatt raises PT to Street-high $225 on strong AI demand, general recovery & HBM3e allocation reducing DRAM supply. Sees structural shortage through 2025, pricing growth in 2024. Biggest memory cycle ever driven by AI revolution. $14 EPS run rate in 2025, $20 potential.
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