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Micron Technology, Inc. (NASDAQ:MU) stock has touched a 52-week low, dipping to $82.76, with the $99 billion market cap semiconductor giant trading significantly below its InvestingPro Fair Value, as the semiconductor industry faces a turbulent market environment. This price level reflects a significant downturn from the company’s performance over the past year, with Micron Tech ’s shares experiencing a 1-year change of -30.5%. Despite the challenges, the company maintains strong fundamentals with $31.3 billion in revenue and a healthy current ratio of 3.13, indicating solid liquidity. Investors are closely monitoring the stock as it navigates through the pressures of supply chain disruptions, fluctuating demand for memory chips, and broader economic headwinds that have impacted the tech sector at large. The current low presents a critical moment for Micron, as market participants consider the company’s strategic moves to stabilize and potentially regain its footing in the competitive landscape. InvestingPro analysis reveals additional insights, including 10 more exclusive ProTips and a comprehensive Pro Research Report, essential for understanding Micron’s full potential in today’s market.
In other recent news, Micron Technology reported a significant revenue increase of over 50% in its February quarter, driven by the ramp-up of its High Bandwidth (NASDAQ:BAND) Memory (HBM) products. Piper Sandler analysts noted that despite strong revenue, Micron’s gross margin projections suggest a decrease in the upcoming quarter. Meanwhile, Baird analysts raised their price target for Micron to $163, citing the growth potential of HBM and Low Power Double Data Rate (LPDDR) memory, both expected to be high-margin product lines.
Citi maintained its Buy rating with a $120 price target on Micron, highlighting favorable market conditions due to rising DRAM and NAND prices. TrendForce, an independent research firm, revised its forecast for PC DRAM prices, predicting stability in 2Q25 and an increase in 3Q25, which is seen as beneficial for Micron. Wells Fargo (NYSE:WFC) also maintained an Overweight rating with a $130 target, noting Micron’s strategic pricing adjustments amid tighter market conditions.
Additionally, TrendForce reported higher contract prices for several NAND products in March, with expectations for continued price recovery in the coming quarters. Piper Sandler emphasized Micron’s strategic position in the growing AI market and data center expansion. These developments reflect a positive outlook for Micron’s future performance in the evolving memory and storage market.
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