08:15 AM EDT, 03/21/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target at $117, based on a P/E of 10.2x our CY 26 EPS estimate of $11.50, within its 10-year historical range and below peers given notable earnings volatility. We adjust our FY 25 (Aug.) EPS estimate to $6.90 from $7.39 and FY 26 to $10.98 from $11.40 on a more conservative margin profile. MU posted better-than-expected Q2 FY 25 results as increasing demand for HBM, which we see growing to potentially an $8B to $10B revenue run rate in CY 26, across data centers as the key growth theme. Guidance on margin was largely in line, but a disappointment to many (still below 40%), remaining well below prior peak levels (over 50%) at a time when revenue is scaling. We do expect margins to benefit from supply action on the NAND side, consisting of underloading, reducing capital spending, and delaying node transitions. Although tariff and cyclical risks remain on the table, we think the content growth opportunity for MU remains enormous and valuation is enticing (less than 10x on a CY 26 EPS basis).