TECH - Micron Dominates High-Bandwidth Memory Market Anticipates Significant Revenue Growth: Analyst | Benzinga
Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Micron Technology, Inc (NASDAQ:MU) with a price target of $130.
During Kumar’s AI Discovery Bus Tour last week, he engaged with Micron’s management, gaining valuable insights into their strategic direction, particularly in the high-bandwidth memory (HBM) market. Micron’s leadership in the HBM3E product sector, noted for its 30% greater power efficiency over competitors, is converting into significant revenue visibility, per the analyst.
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Kumar stated that the company has already sold out its HBM capacity for 2024 and most of 2025 and anticipates revenue growth from this segment in the coming years. This reflects a broader industry shift towards differentiation, with HBM designed to cater to ...