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r/wallstreetbets
Why Wall Street thinks US memory maker Micron is the next Nvidia
Investor summaryBullish
Analysts reiterate Outperform on Micron, citing strong ASP growth and expanding long-term agreements for durable earnings.
Bull points
- Continued ASP growth expected in coming quarters.
- Improving revenue visibility from expanding long-term agreements.
- Potential for more durable earnings growth.
Post body
"Given the strong likelihood of continued ASP growth in the coming quarters and improving revenue visibility thanks to a rapidly expanding set of long-term agreements (SCAs) with key customers, we see potential for more durable earnings growth and reiterate our Outperform rating,"
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