The financial report of Micron Technology, a major American memory manufacturer, is imminent, and analysts are optimistic that its outlook is expected to beat Huaer Street estimates. GuruFocus and Seeking Alpha report, Citi analyst Christopher Danel...
The financial report of Micron Technology, a major American memory manufacturer, is imminent, and analysts are optimistic that its outlook is expected to beat Huaer Street estimates.
GuruFocus and Seeking Alpha report, Citi analyst Christopher Danely predicted that Micron's fourth quarter (June-August) financial report announced later in September is expected to meet Huaer Street expectations, but the company's outlook is very popular due to the strong sales of DRAM and NAND flash memory and the profit of price changes.
Danely pointed out that the data center accounts for 55% of Micron's revenue, which is expected to bring better operation. In addition, limited production capacity also keeps the market supply and demand tight.
Citi decided to updraft Micron's 2026 operating valuation from US$54.5 billion to US$56 billion, and its earnings per share valuation also updraft to US$15.02, a total of 26% higher than Huaer Street.
Looking forward to Q1 (September-November), Citigroup predicts that Micron's earnings and earnings per share will reach US$13 billion and US$3.23 respectively, both of which are higher than those on Huaer Street.
Citi also revised Micron's target price from $140 to $175, mainly because cloud service providers' capital expenditure budget announced this financial report increased by $18 billion, implying that AI-related spending has increased significantly.
Micro's 11th news surged 7.55%, closing at US$150.57, reaching a new closing high since June 18, 2024. The 30 components of the Philadelphia semiconductor index only rose by Lam Research Corp., a manufacturer of semiconductor etching machines. Micron has been in the 7 trading days, with the increase of 27% during this period.
Microel will announce its financial report after the US stock market on September 23. Huaer Street generally predicted that earnings per share and closing will reach US$2.85 and US$11.09 billion respectively in Q4.
