@ShallowLoving 1 day ago
Micron revenue up 346% YoY, predictions point to $1,300 price target
Micron revenue up 346% YoY, predictions point to $1,300 price target
Micron's recent quarter showed a 346% YoY revenue increase, with net income up 1,400%. Over the last six months, revenue tripled and profits quintupled.
The stock is currently trading around $930 after a pullback from its $1,214 peak in June. The growth is mainly due to high AI memory demand, limited manufacturing capacity, and production issues at Samsung.
Micron is signing long-term agreements with price floors to lock in revenue. Elon Musk noted on Tesla's earnings call that they were able to secure a large allocation on reasonable terms despite high market prices. Some estimates now have the stock hitting $1,300 by the end of the year.
www.fool.com
| Prediction: Micron Stock Will Reach $1,300 by the End of 2026 | The Motley Fool
@ProduceCut309 1 day ago
Micron’s growth is impressive, but after such a huge run, expectations are just as important as the numbers. The key is whether AI memory demand and pricing can stay this strong.
@IsabelLynn 1 day ago
the recent dip in micron's price might be a good entry point if those ai predictions hold up. do you think that 1,300 target is realistic by next year?
