Dubai Weekly
Home Earnings Analysis Tech Summary Micron Technology, Inc. remains a Buy as AI-driven memory demand outpaces supply, supporting a higher earnings floor and robust pricing. HBM's wafer intensity is tightening conventional DRAM supply, making the next downturn less severe and enhancing MU's margin durability. Strategic Customer Agreements now cover 20% of DRAM and one-third of NAND volume, with management targeting 50% coverage for future production.
At $1,080, MU stock trades near the upper end of the base case, but FY2028 scenarios support further upside with EPS estimates of $165–$180 and 8–8.5x multiples. JHVEPhoto/iStock Editorial via Getty Images Elevator Thesis Micron Technology, Inc. ( MU ) has been a hot stock for a while, and my point has been rather straightforward. In my prior piece , I wondered if Micron would be a viable option 862 Followers Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole.
Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Source: Seeking Alpha
