🔥 $MU: The Pullback Might Be the Opportunity...

I've been watching $MU closely after this recent pullback, and the latest analyst view caught my attention.

Bank of America kept its Buy rating and $1,550 price target, viewing the weakness as a potential opportunity rather than a change in the long-term story.
Their view is that while memory pricing may normalize in the coming years, the AI-driven demand cycle for high-performance memory remains a major support.

The biggest question for me has always been whether AI memory demand can stay strong enough to offset future pricing pressure.
Right now, the thesis still looks intact, especially with HBM and data center demand continuing to grow.

I’m not chasing every move, but I’m paying attention when quality names get discounted.

Market isn't done yet. Taking profits into the close?
Looking forward to your thoughts.

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1 Comments

Jun @junequity · 34mEdited

It has been encouraging to see stable RSI versus higher local lows with MU over the past couple weeks.

I’ve modelled under the premise of stabilizing margins into 2028, with moderate revenue growth through increased capital projects, even using marginally stable/increasing P/S. MU is still undervalued fundamentally but it’s a crowded space with leverage and gamblers.

So, who knows what price it might be tomorrow. Catching a falling knife in the near term might be painful, but if you’re all equity and able to stomach volatility, this is an easy buy under $850.

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