
Micron Technology (MU) Stock Forecast & Price Target
Micron Technology (MU) Analyst Ratings
Bulls say
Micron Technology is positioning itself for significant growth in the high-bandwidth memory (HBM) segment, with the total addressable market (TAM) for HBM increased to $35 billion for 2025, driven by strong volume shipments and anticipated average selling price (ASP) increases. Demand is improving across various sectors, including servers, solid-state drives (SSDs), mobile devices, and PCs, which bodes well for future revenue streams. While there are challenges such as lower margins due to unfavorable NAND market conditions and startup costs, management remains optimistic about the long-term trajectory of the HBM market, projecting revenues to exceed $100 billion by 2030.
Bears say
Micron Technology faces a negative outlook due to anticipated declines in non-GAAP gross margins, projected to drop to 36.5% in F3Q, which is lower than both internal estimates and market expectations. Additionally, the company's challenges in NAND underutilization and startup costs are contributing to a tempered recovery forecast for gross margins. These factors, combined with a decline in average selling prices (ASPs) and a higher consumer mix of NAND products, have negatively impacted profitability, as evidenced by a 160 basis point decline in margins quarter-over-quarter.
This aggregate rating is based on analysts' research of Micron Technology and is not a guaranteed prediction by Public.com or investment advice.
Micron Technology (MU) Analyst Forecast & Price Prediction
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