Research Alert: CFRA Maintains Buy Opinion On Shares Of Micron Technology, Inc.

05:20 PM EDT, 03/20/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

MU reported strong FQ2 results, with revenue of $8.05B (up 38% Y/Y, but down 7.5% Q/Q), exceeding expectations despite cyclical market headwinds. Non-GAAP gross margin expanded significantly to 37.9% from 20.0% Y/Y, driven by higher volumes and improved pricing mix, particularly in high-value DRAM solutions. The company's High Bandwidth Memory (HBM) business crossed the $1B revenue mark, representing over 12% of sales, with management indicating strong demand through 2024 and significant upside potential through 2027 given NVIDIA's GPU pipeline. For FQ3, MU guided revenue of $8.8B $200M and non-GAAP EPS of $1.57 $0.10, both above consensus, driven by continued strength in DRAM and NAND demand across data center and consumer markets. While potential tariff impacts and cyclical risks remain, we believe MU's strong execution in high-value segments and attractive valuation (sub-10x CY26 EPS) present a compelling opportunity, particularly given its exposure to AI and data center growth trends.

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