Bernstein on Micron Technology (MU): 'Overall Better Than Expected'

Bernstein SocGen Group analyst Mark Li reiterated an Outperform rating and $140.00 price target on Micron Technology (NASDAQ: MU).

The analyst commented: "Overall better than expected; HBM appears to be ahead though no details on CY26 yet. HBM remains sold out for CY25. Micron did not update the official revenue guide & TAM estimate but FQ3 revenue growing nearly 50% QoQ to over US$1.5B came ahead of our model. And Micron now expects to reach the target market share in 2HCY25 vs. the end of CY25 guided before. For CY26, bit growth will stay strong but no details yet as customers are still finalizing their platform transition which then will determine HBM mix. HBM4 ASP should rise as HBM4 has a bigger die size & trade ratio but delivers better performance. Competitively Micron’s baseline assumption is all three suppliers will be in HBM market next year."

For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.

Shares of Micron Technology closed at $126.00 yesterday.

You May Also Be Interested In

• Correction: Kepler Cheuvreux Upgrades Siemens AG (SIE:GR) (SIEGY) to Hold
• HSBC Downgrades Stellantis NV (STLA:IM) (STLA) to Reduce
• JPMorgan Upgrades Nanya Technology Corp (2408:TT) to Overweight