Micron Technology, Inc. (MU) is scheduled to release its Q4 2024 earnings today with EPS
estimates of $1.10 and revenues of $7,630M. This is a testament to further improvement which
comes after the last quarter delivered on EPS of $0.62 and revenue of $6.81 billion, both of
which were above forecast.

Estimates for this quarter’s EPS are anticipated to be moderate due to an advance in memory
chip prices. With this in mind, analysts recommend a ‘Buy’ rating for this stock, with a target
price of $149.15 per share. Professional consensus for the current fiscal year is set at $7.23 in
EPS and $34.6 billion in revenues. Despite expectation of steady revenues, Micron copes with
the constant threats of competition; thus, this earning release can be regarded as an ideal time
for stock valuation.

Retailer has keen interest while institutions are relatively neutral. Some of the retail investors
have been cautious as evidenced by a marginal rise in the short interest. But, current facility
upgrading by most firms and increased memory chip prices have raised hope. Actually, the
institutional buying has been covering most of this stock, that all the focus now is shifting to the
earnings outcome.

Semiconductor’s company Micron’s earning result will be keenly observed. So far, investors are
especially concerned with the need for a high-bandwidth memory, which is critically required for
the AI servers and data centers businesses. An excellent performance in this segment may not
only drive Micron’s shares but also those of competitors such as Samsung and SK Hynix. Yet,
outbursts of supply chain risks or increasing production costs are likely to pressure the stock
and other firms in the chip industry.

However, analysts still stay rather optimistic about Micron’s AI and auto driving technologies
development, though they face some tests. These sectors are believed to be capable of future
growth, especially as the need for enhanced memory products increases. These activities are
going to be pivotal in Micron’s long-term stock performance which is going to be incubated
through its strategic initiatives in the mentioned areas.
Investors will be hanging on Micron’s word’s regarding its outlook on DRAM pricing and supply,
which should dictate the stock’s direction after earnings.

Micron Technology (MU) is in an uptrend trading at $94.87 up +0.93% today. The price range of
the day is $ 93.94 to $ 96.175 and 19, 924, 243 shares have been traded in the market.
Stock is currently below the 50 and 200 day moving averages $98.37 and $105.33 respectively.
The RSI stands at 51 which shows there could be some more upside movement in the stock.
Price increased by more than 15% since 12 September which shows good demand for the stock.