What Wall Street Analysts Think of Micron’s Stock Ahead of Earnings | Global News Avenue

Micron Technology (exist) will report first-quarter fiscal 2025 earnings after the close on Wednesday, and analysts are generally bullish on the chipmaker’s stock.

All but one of the 15 analysts covering the company at Visible Alpha have a “buy” or equivalent rating on Micron Technology, with a consensus price target of about $142, a nearly premium to Friday’s closing price of $102.50. 40%.

Wall Street expects Micron Reported revenue of $8.72 billion, up 84% year-over-year, the company will pivot to profit The loss was $1.84 billion, or $1.58 per share, compared with a loss of $1.23 billion, or $1.12 per share, a year earlier.

Results follow $6 billion federal grant award

The results were released about a week after Micron’s announcement. Receive federal grant Up to US$6.165 billion semiconductor in the United States as Chips and Science Act of 2022.

The Commerce Department said the funding will support Micron Technology’s “two-decade vision” to invest approximately $100 billion in New York state and $25 billion in new facilities in Idaho, creating approximately 20,000 jobs. post.

Micron Technology shares rose more than 4% on Friday and are up about 20% since the beginning of the year.