Bank of America Securities analyst Vivek Arya has reiterated their neutral stance on MU stock, giving a Hold rating on December 2.
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Vivek Arya’s rating is based on a combination of factors that present a balanced risk-reward scenario for Micron. While recent trends in DRAM and NAND pricing have been strong, Arya notes that much of the potential upside is already reflected in market expectations for fiscal years 2026 and 2027. Micron’s current trading price is positioned between its historical median and high price-to-book ratios, suggesting limited room for further expansion unless there is sustained pricing strength and continued market share gains in AI-related products.
Additionally, Arya highlights that the memory market is already deep into its typical upcycle, and with increasing industry capital expenditures and potential competition from Samsung’s HBM4 in NVIDIA GPUs, there are risks that could pressure pricing in the coming years. Despite the structural tailwinds from AI, these factors contribute to a cautious outlook, leading Arya to maintain a Hold rating on Micron’s stock.
According to TipRanks, Arya is a 5-star analyst with an average return of 20.5% and a 61.26% success rate. Arya covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Broadcom.
In another report released on December 2, Goldman Sachs also maintained a Hold rating on the stock with a $205.00 price target.