Analyst Tristan Gerra from Robert W. Baird maintained a Buy rating on Micron and keeping the price target at $200.00.
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Tristan Gerra has given his Buy rating due to a combination of factors that highlight Micron’s strong financial outlook and strategic positioning. The company has raised its revenue, gross margin, and PF EPS guidance, driven by improved pricing in the DRAM market and robust execution. This positive adjustment reflects Micron’s ability to capitalize on favorable market conditions and its strategic advancements in technology.
Moreover, the transition to 12H technology is expected to enhance Micron’s gross margin profile, particularly in HBM revenue, with management expressing confidence in selling out its HBM capacity by CY26. The faster-than-expected yield ramp of HBM3e and the introduction of custom HBM solutions for clients further bolster Micron’s competitive edge. These factors, alongside strong AI and data center demand, underpin Gerra’s optimistic outlook and the reiteration of Micron as a top semiconductor investment idea, with a price target of $200.
In another report released yesterday, Barclays also reiterated a Buy rating on the stock with a $140.00 price target.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year.