Micron Set for Profit Surge with High-Margin Products and AI-Driven Market Expansion, Analyst Says
Portfolio Pulse from Anusuya Lahiri
Cantor Fitzgerald analyst C J Muse reiterated an Overweight rating for Micron Technology (NASDAQ:MU) with a $150 price target, highlighting the company's high-margin products and AI-driven market expansion. Muse emphasized Micron's strong performance in the Data Center sector and its shift to higher-value solutions like HBM3E 12-high products. Despite concerns about bit oversupply, Muse is optimistic about Micron's future growth and profitability.
October 01, 2024 | 4:38 pm
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Cantor Fitzgerald analyst C J Muse reiterated an Overweight rating for Micron Technology with a $150 price target, citing high-margin products and AI-driven market expansion. Muse highlighted Micron's strong Data Center performance and shift to higher-value solutions.
The reiteration of an Overweight rating and a $150 price target by a reputable analyst is likely to positively impact Micron's stock price in the short term. The focus on high-margin products and AI-driven growth suggests strong future profitability, which is attractive to investors.
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