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Strong Buy Stocks from Top Wall Street Analysts
Latest stocks with a Strong Buy rating from the top performing 25% of analysts tracked by WallStreetZen

Analyst / FirmCompanyPriceRatingPrice TargetUpside/DownsideDate
Brian Chin
Stifel Nicolaus
Top 4%
97
Micron Technology IncMU
$153.45Strong Buy$165.00+7.53%
a day ago
Analyst Ranking
Top 4%
#153 out of 4606 analysts
Average Return
+37.52%
Win Rate
85%34 out of 40
Risk vs Reward
Poor
Good

Analyst Color

Stifel Nicolaus's Brian Chin raised their price target on Micron Technology (NASDAQ: MU) by 17.9% from $140 to $165 on 2024/06/18. The analyst maintained their Strong Buy rating on the stock.

Micron Technology will report its Q3 2024 earnings on 2024/06/26.

Chin noted that Stifel Nicolaus hiked its estimates for the quarter "toward the upper end of Micron Technology management's guidance range because of better memory pricing and notwithstanding the effect of the 2024/04 earthquake in Taiwan."

The analyst reported that their firm also increased its estimates for Q4 because favorable pricing is expected to persist, particularly in NAND, "where channel checks indicate a continued pickup in hyperscaler SSD demand and further tightening of NAND supply."

Further, Stifel Nicolaus expects "consumer DRAM to be constrained, yet resulting in pricing power, allowing Micron Technology to optimize mix and focus on ramping HBM3E."

Footnotes

Yahoo Finance reports that the current consensus EPS estimate for Micron Technology's Q3 is $0.49 which, if achieved, would represent a 134.3% increase over Q3 2023's $(1.43).

Philippe Houchois
Jefferies
Top 19%
82
Tesla IncTSLA
$800.00Strong Buy$850.00+6.25%
a day ago

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