Micron Forecasts $19.63 EPS on $34.27B, Analysts Lift Targets to $1,750
MU•Wall Street projects Micron will report $19.63 EPS on $34.27 billion revenue on June 24, reflecting a year-on-year surge in AI memory sales. Morgan Stanley and Susquehanna raised targets to $1,050 and $1,750 respectively, as tight supply and stronger pricing boost confidence despite recent semiconductor pullback.
1. Earnings Expectations
Micron is scheduled to report fiscal third-quarter results on June 24, with consensus estimates calling for earnings of $19.63 per share on revenue of $34.27 billion, representing a significant year-over-year increase driven by continued demand for high-bandwidth memory.
2. AI Memory Demand and Market Mood
High-bandwidth memory used in AI servers has been a major growth driver for Micron, yet the recent pullback in semiconductor stocks has prompted caution among investors concerned that the company’s strong performance may already be fully reflected in current share prices.
3. Analyst Price Target Increases
Analyst optimism has risen sharply, with one major firm doubling its price target to $1,050 and another lifting its target to $1,750, citing tight supply conditions in the memory market and stronger pricing trends for AI applications.
4. Valuation Risks
The key question for investors is how much additional upside remains as Micron seeks to convert robust AI memory demand into sustainable earnings growth, especially if market expectations have become overly lofty.
