Wall Street lowers target prices
Posted: Tue Feb 18, 2025 3:56 am
Micron Technology's HBM business will become its main growth engine in the coming years. In addition, inventory adjustments in the smartphone and PC markets are expected to bottom out in Q3Q4 , which will provide additional growth momentum for Micron.
Industry insiders pointed out that Micron Technology's financial germany phone number list report was mainly dragged down by the price drop of DRAM memory chips used in mobile phones and personal computers.
The memory market, which accounts for the bulk of Micron's revenue 75% of firstquarter revenue, remains sluggish due to weak consumer demand and oversupply.
Micron CEO Sanjay Mehrotra said the PC refresh cycle is gradually unfolding and PC sales growth is expected to be flat in , slightly lower than previously expected.
We remain optimistic about the proliferation of AIenabled PCs over time.
Against this backdrop, analysts from several investment banks have lowered their target prices for Micron Technology .
Goldman Sachs cut its price target on Micron Technology to $128 from $145 but maintained a "buy" rating. FactSet survey shows that analysts' average rating for Micron Technology is "overweight" and the average target price is $135.74.
Industry insiders pointed out that Micron Technology's financial germany phone number list report was mainly dragged down by the price drop of DRAM memory chips used in mobile phones and personal computers.
The memory market, which accounts for the bulk of Micron's revenue 75% of firstquarter revenue, remains sluggish due to weak consumer demand and oversupply.
Micron CEO Sanjay Mehrotra said the PC refresh cycle is gradually unfolding and PC sales growth is expected to be flat in , slightly lower than previously expected.
We remain optimistic about the proliferation of AIenabled PCs over time.
Against this backdrop, analysts from several investment banks have lowered their target prices for Micron Technology .
Goldman Sachs cut its price target on Micron Technology to $128 from $145 but maintained a "buy" rating. FactSet survey shows that analysts' average rating for Micron Technology is "overweight" and the average target price is $135.74.