08:05 AM EDT, 09/24/2025 (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 lift our target to $200 from $155, on P/E of 10.6x our CY 27 EPS view of $18.88, within its 10-year historical range and below peers given notable earnings volatility. After it posted Aug-Q results that exceeded our views, we raise our FY 26 (Aug.) EPS estimate to $16.13 from $12.55 and FY 27 to $18.20 from $14.18. We believe that MU's upside will be supported by the secular growth in AI, which has created robust demand and a tight supply environment for high-value memory products, particularly high bandwidth memory (HBM, now at an $8B annual run rate). Data Center revenue now constitutes 56% of total sales with an impressive 52% gross margin. Memory fundamentals remain robust, driving margins/profits, with guidance implying gross margin expansion to over 51% (highest in seven years). We think MU is executing on structural shifts in the DRAM space (79% of Aug-Q sales), technology leadership (1-gamma DRAM, HBM4), and witnessing favorable market conditions via tight DRAM supply and a recovering NAND market.