Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessCantor Fitzgerald Raises Micron Technology Price Target Ahead of Earnings Report

Cantor Fitzgerald Raises Micron Technology Price Target Ahead of Earnings Report

Add to Favorite
Added to Favorite


Cantor Fitzgerald analysts increased their price target for Micron Technology (NASDAQ:MU) stock to $180 from $150, maintaining an Overweight rating. The analysts anticipate that Micron’s upcoming earnings report on June 26, will exceed expectations, driven by strong performance in both DRAM and NAND segments, with High Bandwidth Memory (HBM) likely providing an additional boost in revenue for May and August.
Despite concerns about the recent Taiwan earthquake impacting DRAM bit shipments, the analysts believe the effect will be limited due to strategic inventories and robust pricing, which should mitigate any potential downside risks.
The analysts expect these positive trends to continue into the August quarter, leading to higher consensus estimates. Although there are short-term concerns about DRAM pricing, the shift to HBM is expected to sustain a strong pricing environment for DDR5, with second-quarter 2024 pricing projected to increase by 10-15%. Additionally, yield and qualification issues at Samsung for its 12-high HBM product are likely to benefit Micron’s HBM margins and pricing.
Furthermore, the analysts highlighted that Micron’s disciplined approach to NAND supply management continues to support significant price increases in that segment. Overall, the analysts see a favorable outlook for Micron, bolstered by strategic inventory management, strong pricing, and positive trends in both DRAM and NAND markets.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Watch Samsung to launch wearable product, smart ring called Galaxy Ring, web fans are excited

Samsung (SSNLF) will soon launch its first-of-its-kind wearable product,...

Bad news for inflation: Wholesale prices rose in June

The cost of goods—including gas, electronics, and appliances—dropped by...

Benchmark Reiterates Buy Rating on JD.com, Adjusts Q2 Revenue Growth Projection

Benchmark analysts reaffirmed their Buy rating and set a...

Truist Securities Reiterates Buy Rating on Five9 Amid Activist Investor Push for Sale

Truist Securities analysts reaffirmed their Buy rating and set...