HSBC Raises Micron (MU) Price Target, William Blair Initiates With Outperform Rating

Micron Technology, Inc. (NASDAQ:MU) is 1 of the 11 Most Profitable Cheap Stocks to Invest In Now. On January 23, HSBC accrued its terms people connected Micron Technology, Inc. (NASDAQ:MU) from $350 to $500 and kept its Buy rating. The steadfast noted that the crisp emergence successful DRAM prices was a large crushed down the beardown gains successful the stock terms implicit the past 3 months.

HSBC present expects Micron Technology, Inc. (NASDAQ:MU) to study Q2 fiscal 2026 operating nett of $12 billion, which would beryllium an summation of 88% quarter-over-quarter. The probe steadfast forecasts income of $20 billion, up 47% compared to the erstwhile quarter. HSBC forecasts DRAM blended mean selling prices to spot a 45% summation quarter-over-quarter, up from its earlier forecast of 37%.

Earlier, connected January 22, William Blair initiated sum of Micron Technology, Inc. (NASDAQ:MU) with an Outperform rating. The steadfast believes that the institution is successful a beardown presumption to spot crisp nett maturation arsenic rising AI-driven request meets ongoing proviso constraints that could proceed into 2027.

William Blair expects a multi-year upcycle successful the representation marketplace to enactment higher pricing and margins, chiefly by high-bandwidth representation (HBM) utilized successful AI accelerators. The steadfast noted that representation has go a bottleneck successful AI systems, which is making customers displacement toward higher-performance products that travel with higher selling prices. William Blair forecasts Micron Technology, Inc.’s (NASDAQ:MU) non-GAAP EPS to turn by implicit 275% implicit the adjacent 2 years.

Micron Technology, Inc. (NASDAQ:MU) is simply a starring semiconductor exertion institution that is known for its innovative representation and retention solutions. The institution offers a portfolio of high-performance DRAM, NAND, and NOR representation and retention products.

While we admit the imaginable of MU arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 12 Best 5G Stocks to Invest In According to Hedge Funds and 12 Best American Energy Stocks to Buy Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.