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Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $155.00 price target on Micron Technology (NASDAQ:MU), a prominent semiconductor player with a market capitalization of $131.9 billion. According to InvestingPro data, the stock appears undervalued based on its Fair Value analysis.
The research firm maintained its positive outlook despite acknowledging that Samsung’s successful qualification will likely impact Micron’s market share position in the High Bandwidth Memory (HBM) segment. This optimism aligns with Micron’s strong financial performance, showing 58% year-over-year revenue growth and earning a "GOOD" financial health score on InvestingPro, which offers 12 additional investment tips for this stock.
Cantor Fitzgerald believes Samsung’s gains will primarily come at the expense of Hynix rather than Micron, citing significant technological challenges facing Samsung including thermal/power issues and poor yields stemming from problems with dicing, sawing, laser ablation, delamination, and cracking.
The firm highlighted that the HBM roadmap will become increasingly difficult as stacks get higher and customized logic base dies become necessary in the HBM4E timeframe, creating additional hurdles for competitors.
Cantor Fitzgerald expects Micron to maintain its competitive position due to its performance/watt advantage and stable supply, which should support sustained demand for the company’s HBM products.
In other recent news, Micron Technology has seen several notable developments. The company updated its financial guidance for the fourth quarter of fiscal 2025, which Erste Group cited in its initiation of coverage with a Buy rating. Additionally, Micron’s August quarter results were positively preannounced, leading TD Cowen to reiterate a Buy rating and adjust its November quarter earnings per share estimate from $2.90 to $3.13. Cantor Fitzgerald also reiterated an Overweight rating, maintaining a $155 price target following Micron’s improved outlook for the August quarter. Wolfe Research maintained an Outperform rating with a $160 price target, based on their earnings per share estimate for 2026. Wells Fargo expressed confidence in Micron’s ability to achieve a low to mid-20% market share in high bandwidth memory by the second half of 2025. These updates reflect a series of positive assessments from various research firms regarding Micron’s financial performance and market positioning.
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