Mizuho lowers price target for Micron due to weak guidance and market challenges.

From Investing.com: 2024-12-19 02:32:24

Mizuho analysts lower price target for Micron Technology Inc due to weak near-term guidance and market headwinds. Despite strong growth in high-bandwidth memory, revenue and margin projections fell short for the upcoming quarter. Price target lowered to $115 from $135, with Micron’s February quarter guidance missing estimates significantly. Micron capitalizing on AI-driven memory solutions, with HBM revenue projected to reach $4 billion in fiscal 2025. Micron’s market share in HBM expected to grow to 20-25% by late 2025, driven by strong partnerships. Despite challenges in traditional DRAM and NAND markets, Micron remains committed to leading-edge memory solutions with $14 billion fiscal 2025 capital expenditures focused on HBM and R&D.



Read more at Investing.com: Mizuho trims PT on weak guidance, headwinds in PC market By Investing.com