Bullish
Micron's stock price target raised to $825 by Lynx Equity on capacity expansion.
Lynx Equity has increased its price target for Micron Technology (NASDAQ: MU) to $825 from $700, citing extended capacity sell-outs and improved revenue visibility. The firm reports that Micron has sold out its High Bandwidth Memory (HBM) capacity through 2027, extending beyond previous guidance of capacity sold through 2026. Additionally, Micron's DDR5/lpDDR5 capacity may be sold out through 2027. Lynx Equity anticipates that Micron is negotiating supply and pricing terms into 2028 after allocating 2027 supply to key customers. The firm projects fiscal 2028 revenue to rise by 40%, compared to consensus estimates that are flat to down.
Key points
- Lynx Equity raises Micron's price target to $825, citing capacity sell-outs and revenue visibility.
- Micron's DDR5/lpDDR5 capacity may be sold out through 2027, indicating strong demand.
- Micron is negotiating supply and pricing terms into 2028 after allocating 2027 supply to key customers.
- Fiscal 2028 revenue projected to rise by 40%, compared to consensus estimates that are flat to down.
Sources
AI-generated from public news sources. Not financial advice.
