Micron price target lowered to $165 from $175 at Susquehanna

Susquehanna analyst Mehdi Hosseini lowered the firm’s price target on Micron to $165 from $175 and keeps a Positive rating on the shares. The firm updated its estmates following its Q4 results and are using this time to introduce FY/CY26 EPS estimates. All in all, with the guide/commentary much better than feared while the earnings opportunity is reset at “a base” of $10, they find the valuation attractive.