_jpmorgan-analyst-predicts-a-36-upside-for-micron-stock-says-stock-39should-continue-to-outperform39-into-2025.jpg "JPMorgan Analyst Predicts a 36% Upside for Micron Stock, Says Stock 'Should Continue to Outperform' Into 2025 from advance auto stock Video Screenshot Preview")
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✓ Published: 29-Jun-2024
👁 View: 2.8M times
✓ Published: 29-Jun-2024
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JPMorgan analyst Harlan Sur maintains an Overweight rating on Micron stock, suggesting a 36% upside over the next year. Micron beat expectations for its fiscal 3rd quarter as AI demand contributed around 50% of Micron's quarter-over-quarter growth in data center revenue. AI is also fueling demand for Micron's enterprise SSD products. Micron is well-positioned to capture memory content growth from expanding AI and accelerated computing, and Sur says the stock “should continue to outperform” into 2025.
JPMorgan analyst Harlan Sur maintains an Overweight rating on Micron stock, suggesting a 36% upside over the next year. Micron beat expectations for its fiscal 3rd quarter as AI demand contributed around 50% of Micron's quarter-over-quarter growth in data center revenue. AI is also fueling demand for Micron's enterprise SSD products. Micron is well-positioned to capture memory content growth from expanding AI and accelerated computing, and Sur says the stock “should continue to outperform” into 2025.
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