Micron Technology (MU)

We raise our F2026E (Aug) EPS for Micron (MU; $167.32; O/P) from $12.95 to $16.50 (+99% YoY from $8.29 in F2025 and vs. a prior record of $11.95 in F2018) after the company produced a…

We are raising our outdated target from $160 to $200 on the shares of Micron (MU; $169.24; O/P) ahead of its FQ4 (Aug) results and guidance, scheduled for Tuesday (9/23 after market). Admittedly, there is…

We are raising our F2025/F2026E (Aug) EPS from $7.80/$11.65 to $8.15/$12.95 and reiterating our $160 target on the shares of Micron (MU; $122.39; O/P) after the company raised its FQ4 (Aug) non-GAAP outlook in conjunction…

We are raising our target from $140 to $160 on the shares of Micron Technology (MU; $127.25; O/P) as we increase our F2025/F2026E (Aug) EPS from $6.70/$9.10 to $7.80/$11.65 after the company produced an especially…

Micron Technology (MU; $127.25; O/P) reported FQ3 (May) non-GAAP EPS of $1.91, which was well ahead of our $1.55 and the Street’s $1.60 on meaningful sales upside ($9,301mm vs. our $8,750mm and consensus of $8,863mm)….

We are raising our outdated price target from $110 to $140 on the share of Micron Technology (MU; $121.82; O/P) ahead of its FQ3 (May) results and outlook, which are scheduled for next Wednesday (6/25…

The shares of Micron Technology (MU; $94.72; O/P) dropped a somewhat surprising 8% on Friday after the company produced some upside with FQ2 (Feb) results and signaled that its FQ3 (May) outlook was marginally better…

We reduce F2025E (Aug) EPS for Micron (MU; $87.08; O/P) from $6.75 to $6.25 ahead of its upcoming FQ2 (Feb) results and outlook on March 20th (after market). This is to account for recent investor…

We reduce F2025/F2026E (Aug) EPS for Micron (MU; $103.90; O/P) from $8.40/$11.20 to $6.75/$8.80 after FQ2E (Feb) guidance badly disappointed the Street, albeit with FQ1 (Nov) profits that were somewhat better than expected despite a…

Micron Technology (MU; $103.90; O/P) reported FQ1 (Nov) non-GAAP EPS of $1.79, which was ahead of our $1.75 and the Street’s $1.76 despite some lower than expected sales ($8,709mm vs. our $8,750mm and consensus of…

We continue to see the shares of Micron (MU; $99.43; O/P) as undervalued into its FQ1 (Nov) results and outlook, scheduled for next Wednesday (12/18 after market). We note the stock is +4% since an…

We raise F2025E (Aug) EPS for Micron (MU; $95.77; O/P) from $8.00 to $8.40 after the company produced solid FQ4 (Aug) EPS upside ($1.18 vs. our $1.12 and the Street’s $1.11) combined with an FQ1E…

We think the shares of Micron (MU; $89.40; O/P) will prove oversold when the company reports FQ4 (Aug) results and outlook on Wednesday (9/25 after market). Admittedly, Micron is now seeing inventory builds in the…

We raise our F2024/F2025E (Aug) EPS for Micron (MU; $142.36; O/P) from $0.90/$8.45 to a more than reasonable $1.20/$8.75, especially when it comes to pricing power and sales mix, after the company produced a solid…

Micron Technology (MU; $142.36; O/P) reported FQ3 (May) non-GAAP EPS of $0.62, which beat our consensus matching $0.48 on higher-than-expected sales ($6,811mm vs. our $6,625mm and consensus of $6,669mm). Recall, Micron called for FQ3 sales…