AI high-bandwidth memory and DRAM have a positive outlook, and Citigroup has upgraded Micron Technology (MU.US) ahead of its earnings release.
Market IntelTuesday, Mar 18, 2025 2:30 am ET

Citi reiterates its "buy" rating on
(MU.US) ahead of its Q2 earnings, with a target price of $150. analyst Christopher Danely expects the company to report solid results, but its guidance will be below consensus due to deteriorating consumer mix and underutilization of NAND (26% of 1Q25 sales). However, mainstream DDR5 spot prices are rising, up nearly 8% YTD, the largest increase since 1Q24, supporting the view that DRAM prices will start to improve in 2Q25. Danely remains "optimistic" on Micron Technology due to the high-bandwidth memory opportunities in the AI wave and the DRAM recovery. Micron Technology is set to report its Q2 earnings after the market close on Thursday, March 20. Analysts expect the company to report Q2 revenue of $7.92 billion and EPS of $1.43. As of Monday's close, Micron Technology rose 2.30% to $103.11.Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
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