MarketMaestro

$NBIS said don’t mess with me

$MU
Micron in focus as Citi ups estimates on better-than-expected DRAM pricing
Micron Technology (MU) was in focus on Wednesday as Citi upped its earnings estimates on the memory maker, citing better-than-expected pricing for dynamic random access memory.
Shares fell 0.8% in premarket trading.
"We model F4Q26 sales/EPS of $51B/$31.45, above consensus of $50.8B/$31.43 and F1Q27 sales/EPS of $57B/$35.25, above consensus of $56.7B/$35.15," Citi analyst Atif Malik wrote in a note to clients. "We raise near-term NAND/DRAM pricing assumptions on non-SCA contracted bits. We assume blended DRAM ASPs