Important points
Micron Technology (MU) is scheduled to release its first quarter 2025 financial results after the market closes on Wednesday, and analysts are overwhelmingly bullish on the company’s stock.
Of the 15 analysts who follow the company and are tracked by Visible Alpha, all but one have a buy or equivalent rating on Micron, with a consensus price target of approximately $142. That’s a nearly 40% premium to Friday’s closing price of $102.50.
Wall Street reported Micron’s sales rose 84% year over year to $8.72 billion, with a full-year loss of $1.23 billion ($1.12 per share) compared to a profit of $1.84 billion. It expects the stock to reach $1.58 per share. Previously.
Accomplishments follow $6 billion in federal grant funding
The results were announced about a week after Micron won up to $6.165 billion in federal grants to manufacture semiconductors in the United States as part of the CHIPS and Science Act of 2022.
The Commerce Department said the funding supports Micron’s “20-year vision” to invest about $100 billion in New York state and $25 billion in Idaho for new factories that will create about 20,000 jobs.
Micron stock rose more than 4% on Friday and is up about 20% since the beginning of the year.
