In a report released today, Tristan Gerra from Robert W. Baird reiterated a Buy rating on Micron (MU – Research Report), with a price target of $200.00.
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Tristan Gerra has given his Buy rating due to a combination of factors that highlight Micron’s strong market position and growth potential. Micron’s expectation to achieve its market share target for High Bandwidth Memory (HBM) earlier than anticipated is a significant driver. The company is already shipping HBM in high volumes to multiple customers, indicating robust demand and execution capabilities.
Additionally, Micron’s advancements in DRAM and NAND inventories, along with its leadership in LP DRAM for data centers, underscore its strategic positioning. The company’s financial performance, with earnings and revenue exceeding guidance, further supports the positive outlook. The anticipated tight capacity for HBM and the promising growth trajectory in both HBM and LP DRAM contribute to the transformational potential that Gerra sees in Micron’s future.
According to TipRanks, Gerra is a 4-star analyst with an average return of 7.7% and a 50.89% success rate. Gerra covers the Technology sector, focusing on stocks such as Intel, Knowles, and Advanced Micro Devices.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $160.00 price target.