POPA ReconBofA Raises Micron Estimate(Purchase and maintenance, one of the best AI items)
BofA Raises Micron Estimate(Purchase and maintenance, one of the best AI items) - The reason is "more evidence of price sustainability" - FY27/28E sales +20%/+30%, EPS +23%/+36% higher, EPS is $172/$198 - Reaffirm the existing view that supply-side discipline reinforces the sustainable cycle - Mention the possibility of buying large shares in advance of the 2nd anniversary of the chips Act on December 9 - Market consensus is FY27E about $30-35bn, BofA upwardsReporting 2-3x increase on FY28-29E to reach $60-100bn Considering that the EPS upward is larger than sales, it seems to have raised the…
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