
Micron Technology (MU) Stock Forecast & Price Target
Micron Technology (MU) Analyst Ratings
Bulls say
Micron Technology has demonstrated a positive outlook due to an increase in the total addressable market (TAM) for High Bandwidth Memory (HBM), now projected at $35 billion for 2025, reflecting strong volume shipments and average selling price (ASP) increases. Demand and inventory levels are improving across critical segments, including servers, solid-state drives (SSDs), mobile devices, and personal computers, contributing to overall revenue growth. Despite some challenges in gross margins attributed to unfavorable NAND market conditions and increased startup costs, the company’s long-term forecast for HBM revenue growth suggests a robust position in the semiconductor industry, with expectations of reaching over $100 billion by 2030.
Bears say
The outlook for Micron Technology's stock appears negative due to persistent declines in DRAM and NAND costs, which are aligned with competitors, affecting its gross margins and overall profitability. Management has guided a decline in non-GAAP gross margin to 36.5% for the upcoming fiscal quarter, which falls below both internal estimates and broader market expectations, reflecting the impact of weaker average selling prices and an unfavorable consumer mix. Additionally, underutilization in NAND production, characterized by a significant reduction in wafer capacity, raises concerns about the firm's ability to recover margins and meet growth projections effectively.
This aggregate rating is based on analysts' research of Micron Technology and is not a guaranteed prediction by Public.com or investment advice.
Micron Technology (MU) Analyst Forecast & Price Prediction
Start investing in Micron Technology (MU)
Order type
Buy in
Order amount
Est. shares
0 shares