Micron Technology: UBS and Goldman Sachs expect significant surprise in Q3!
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Analysts from UBS and Goldman Sachs have raised their revenue and profit forecasts, expecting a significant surprise in Q3. At COMPUTEX 2026, the management presented a new generation of AI memory from data centers to edge AI. The valuation still appears attractive with a P/E 2027e of under 10. The recent stock rally could continue ahead of the quarterly results. The stock of Micron Technology (MU) is quickly recovering from the overall sector weakness triggered by Broadcom's (AVGO) disappointing outlook. On June 9, the stock is...
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