
Micron Technology (MU) Stock Forecast & Price Target
Micron Technology (MU) Analyst Ratings
Bulls say
Micron Technology has demonstrated a strong position in the semiconductor market, increasing its total addressable market (TAM) for high-bandwidth memory (HBM) to $35 billion by 2025, bolstered by robust shipment volumes and rising average selling prices as innovative solutions ramp up. Improvement in demand and inventory across critical segments such as servers, solid-state drives (SSDs), mobile devices, and PCs indicates a recovering market landscape, which bodes well for future revenue growth. Furthermore, the company's performance in HBM is noteworthy, with revenue growth exceeding 50% quarter-over-quarter, and management confidently projecting HBM market revenue to surpass $100 billion by 2030, highlighting significant future growth potential.
Bears say
Micron Technology faces a negative outlook primarily due to declining gross margins, with management guiding a non-GAAP gross margin decline to 36.5% for the upcoming quarter, which falls short of previous estimates. This drop is attributed to weak average selling prices (ASPs) and a higher consumer mix in NAND products, alongside underutilization issues leading to reduced wafer output. Additionally, the ongoing challenges in NAND capacity and the transition of equipment to advanced nodes further exacerbate these concerns, suggesting sustained pressure on profitability moving forward.
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
Start investing in Micron Technology (MU)
Order type
Buy in
Order amount
Est. shares
0 shares