Micron price target raised at Stifel due to AI demand tailwinds

Analysts at Stifel have raised their price target on Micron's (MU) stock. Driven by the growing tailwinds of AI demand, Stifel has raised Micron's price target to $165, up from the previous $140, citing the company's high-bandwidth memory offerings as a potential catalyst.

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This post was written by Angel Smith

Transcription de la vidéo

Let's also talk about Mikron um steel raising its price target on that stock from 140 to 165 citing tail winds from A I demand for high bandwidth memory.

And that has been sort of the bull case generally for Mikron, right?

We've heard a lot about what they call HBM high bandwidth memory and that that is the catalyst here.

And um the analysts are also talking about increasing in pricing um for memory and that it's gonna be driven by some of these more complicated memory chips, memory chips of all the chips.

I mean, they they're definitely commoditized.

Most of the chips are commoditized except for Nvidia's new very complex ones.

But it's interesting to see this evolution of the memory industry to these HB MS that are a little more com Yeah, the HBM I is what's got so many people excited.

Um And remember Mike Brown reporting coming on June 26 those earnings hit and and the is saying that he's increasing his estimates toward the upper end of that guidance range on this better memory pricing also raised.

Uh It looks like his Q four estimates expects favor pricing to persist in NAN as well.

So, and says, by the way, he views Mike Ron as A I garp Julie, I love Garp A I garp growth at a reasonable price.

So we'll see June 26th Circuit calendars.