DBS analyst Jim Hin Kwong Au has maintained their bullish stance on MU stock, giving a Buy rating today.
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Jim Hin Kwong Au has given his Buy rating due to a combination of factors that highlight Micron’s strategic positioning in the rapidly evolving AI-driven market. The company’s advanced memory technologies, such as its 1β DRAM and cutting-edge 1γ DRAM using EUV lithography, position it as a leader in the industry. These innovations, alongside its high-capacity HBM3E products, allow Micron to effectively meet the increasing demands of AI infrastructure, particularly in data centers and GPU-centric architectures.
Furthermore, Jim Hin Kwong Au notes the strong demand from AI data centers, automotive, and consumer devices as significant growth drivers for Micron. The anticipated growth in memory and storage demand, coupled with disciplined industry-wide capacity expansion, supports favorable supply-demand conditions, which are expected to sustain pricing strength. This environment is projected to lead to robust revenue growth and margin improvements, making Micron a compelling long-term investment. The favorable outlook is reflected in the higher target price of US$149.00 per share, indicating confidence in Micron’s potential to capitalize on multi-year AI-driven growth.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $160.00 price target.