What To Expect From Micron Tech's Q3 Earnings - Bullish Analyst Lays Out Forecast
Portfolio Pulse from Anusuya Lahiri
Rosenblatt analyst Hans Mosesmann maintained a Buy rating on Micron Technology Inc (NASDAQ:MU) with a $225 price target. Mosesmann expects Micron to benefit from a significant memory cycle driven by AI demand and HBM industry ramp-up. Despite challenges in HBM supply, the analyst forecasts strong revenue growth for Micron.
June 25, 2024 | 6:34 pm
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Rosenblatt analyst Hans Mosesmann maintained a Buy rating on Micron Technology Inc (NASDAQ:MU) with a $225 price target. Mosesmann expects Micron to benefit from a significant memory cycle driven by AI demand and HBM industry ramp-up. Despite challenges in HBM supply, the analyst forecasts strong revenue growth for Micron.
The analyst's positive outlook on Micron is driven by the increasing demand for memory in AI applications and the ramp-up in the HBM industry. Despite some supply challenges, the forecasted strong revenue growth and the Buy rating with a high price target suggest a positive short-term impact on Micron's stock price.
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