William Blair Initiates Coverage on Micron at Outperform
William Blair analyst Sebastien Naji initiates coverage on Micron Technology (NASDAQ: MU) with an Outperform rating.
“Memory Supercycle Driving Record Profitability. Micron has been a U.S. semiconductor stalwart serving as one of the three major global memory suppliers (alongside Samsung and SK Hynix).
Access to memory has become a key bottleneck in AI racks/systems, increasing demand for more performant, higher bandwidth memory solutions.
Against a backdrop of limited supply that is likely to remain in place into 2027, Micron is poised to benefit from significant ASP growth and higher margin products.
We expect the company to grow non-GAAP EPS over 275% over the next two years.”
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