Micron (MU) has been upgraded from Hold to Buy due to improved pricing for high-bandwidth memory (HBM) and a recent 10% drop in its stock price. The analyst expects HBM margin dilution to narrow by 2027 thanks to higher contracted prices, although the exact impact on gross margins is still uncertain. Additionally, a custom HBM4E development with Nvidia presents strategic growth opportunities, though details on margin benefits and exclusivity are not yet clear. The stock is valued at under 6 times projected 2027 earnings, offering about 20% upside, but risks remain from DRAM price volatility, capital expenditures, and manufacturing complexities.
Micron (MU) trades at USD 943.00 on Pluang as of Oct 13, 2026 19:44 WIB, down 4.66% for the day and well below its 52-week high of USD 1.21K, yet far above its 52-week low of USD 187.06. Despite recent price drops, Pluang data shows a majority of buyers at 57%, indicating ongoing interest. The stock's market cap stands at $1.12T, reflecting its significant presence in the technology sector amid the current market environment.
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