UBS Reiterates Buy Rating on Micron Technology, Keeps PT at $155

Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Most Promising Technology Stocks to Invest In. On August 12, UBS reiterated the Buy rating on Micron Technology, Inc. (NASDAQ:MU), keeping the price target at $155.

Timothy Arcuri from UBS retained the rating on Micron Technology after the company’s raised its guidance for Q4 FY2025. The company updated its guidance for revenue, gross margin, operating expense, and earnings per share. Micron’s previous guidance for revenue was $10.7 million, gross margins of $42%, and earnings per share of $2.50 for Q4. The company now expects its revenue to be around $11.2 billion plus/minus $100 million, gross margins of 44.4% plus/minus 0.5%, and earnings per share of $2.85 plus/minus $0.07.

Arcuri remains optimistic on MU following the Q4 guidance update, which indicates better development than previously expected. The revised guidance reflects improved pricing, especially in DRAM, and strong execution.

As of August 25, Micron Technology, Inc.’s (NASDAQ:MU) average price target of $154, based on analysts’ estimates, implies an upside of almost 32% from current levels.

Micron Technology, Inc. (NASDAQ:MU) is a leading manufacturer of memory and storage products. The company designs, develops, manufactures, and sells DRAM, NAND, SSDs, and HBM storage devices.

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Disclosure: None. This article is originally published at Insider Monkey.