Professional
Added to YB: 2024-12-12
Pitch date: 2024-12-11
MU [bullish]
Micron Technology, Inc.
+135.2%
current return
Author Info
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Company Info
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.
Market Cap
$270.7B
Pitch Price
$100.98
Price Target
175.00 (-27%)
Dividend
0.19%
EV/EBITDA
15.02
P/E
31.77
EV/Sales
7.33
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Wells Fargo Bullish on Micron: $175 Price Target and Record FY25 Revenue Outlook
MU: Wells Fargo PT $175. HBM share gains & solutions portfolio execution key. 20%+ HBM share in CY25, $25B+ TAM. $907M prepays. HBM/DDR5 ratio 3:1, expanding. Samsung HBM3E quals a risk. LPDDR5 & 128GB DDR5-8000 R-DIMMs for AI servers underappreciated. Expect record FY25 revenue.
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