JPMorgan Analyst Predicts a 36% Upside for Micron Stock, Says Stock 'Should Continue to Outperform' Into 2025 from 2003 tvbs next on Watch Video
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⏲ Duration: 0:36 👁 View: 1.6M times ✓ Published: 29-Jun-2024
Description: JPMorgan analyst Harlan Sur maintains an Overweight rating on Micron stock, suggesting a 36% upside over the next year. Micron beat expectations for its fiscal 3rd quarter as AI demand contributed around 50% of Micron's quarter-over-quarter growth in data center revenue. AI is also fueling demand for Micron's enterprise SSD products. Micron is well-positioned to capture memory content growth from expanding AI and accelerated computing, and Sur says the stock “should continue to outperform” into 2025.