Added to YB: 2024-06-28
Pitch date: 2024-06-27
MU [bullish]
Micron Technology, Inc.
+79.92%
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
$270.7B
Pitch Price
$132.00
Price Target
170.00 (-30%)
Dividend
0.19%
EV/EBITDA
15.02
P/E
31.77
EV/Sales
7.33
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Micron (MU): AI Opportunities Propel BofA's Buy Rating
MU: BofA Buy, $170 PT. HBM3e ramp for NVDA H200s, CY24/25 volumes sold out. Sales growth +78%/+41% YoY, pf-EPS +178%/+14% CY24/25E. AI-driven opportunities in DDR5, data center SSDs, edge AI (+4-8GB DRAM content). 3.1x CY25E P/B justified by AI tailwinds. Rising capex positive for semicap vendors.
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