Here’s why Susquehanna raised its price target on Micron to $345
December 18, 2025 • 2m 37s
David Faber (Anchor)
00:00.430
joining
us
now
is
mehdi
hassani
he's
senior
equity
research
analyst
at
suspa
anna
has
a
positive
rating
on
the
stock
just
increases
price
target
to
three
forty
five
you
know
i
guess
a
quarter
like
this
mehdi
a
lot
of
positive
things
to
say
anything
in
there
that's
concerning
or
David Faber (Anchor)
00:17.590
is
it
all
just
good
across
the
board
Mehdi Hosseini (Senior Equity Research Analyst)
00:20.590
i
think
the
eight
forty
EPS
guide
for
february
quarter
is
something
that
makes
you
wonder
how
good
is
he
going
to
get
from
here
if
you
look
at
the
history
of
memory
over
the
past
three
decades
everything
every
time
margins
go
above
sixty
percent
it
has
no
room
but
to
go
down
i
Mehdi Hosseini (Senior Equity Research Analyst)
00:38.750
do
believe
that
we
are
in
a
very
different
supply
and
demand
environment
i
do
believe
that
there
are
a
number
of
value
add
higher
margin
products
that
are
helping
micron
to
sustain
margins
and
EPS
but
it
is
the
street
that
has
to
gain
if
you
look
at
the
valuation
it
is
only
Mehdi Hosseini (Senior Equity Research Analyst)
00:56.790
trading
around
the
low
teen
historical
average
of
twelve
times
forward
looking
multiple
so
the
the
the
three
forty
price
target
that
we
put
out
and
all
of
my
peers
are
increasing
price
target
if
it
still
doesn't
account
for
sustainability
of
a
margin
at
EPS
and
if
sanjay
and
the
Mehdi Hosseini (Senior Equity Research Analyst)
01:15.310
team
and
micron
are
able
to
do
that
sustain
the
margins
and
EPS
there
is
a
lot
more
headroom
here
and
the
stock
could
go
towards
four
or
five
hundred
right
David Faber (Anchor)
01:24.270
all
right
i
get
it
in
other
words
deserving
of
a
higher
multiple
if
in
fact
they
can
prove
they
can
sustain
those
margins
so
when
do
we
make
that
judgment
or
when
will
we
all
as
you
just
indicated
as
well
say
no
you
know
what
once
again
you
know
these
when
you
call
for
a
David Faber (Anchor)
01:37.750
supercycle
it
actually
ends
up
being
near
the
top
Mehdi Hosseini (Senior Equity Research Analyst)
01:41.700
well
it
is
i
don't
think
anyone
has
a
crystal
ball
it
is
going
to
come
down
every
quarter
every
earnings
season
sanjay
has
to
deliver
i
don't
think
sanjay
and
the
team
could
actually
help
us
with
a
longer
term
longer
term
margin
power
primarily
due
to
the
fact
that
he's
in
the
Mehdi Hosseini (Senior Equity Research Analyst)
01:57.620
midst
of
a
negotiation
with
his
CSP
customers
he's
negotiating
with
nvidia
AMD
and
other
asic
customers
and
he's
just
going
to
come
down
to
micron
giving
enough
margin
to
be
able
to
add
capacity
micron
is
going
to
be
capacity
limited
and
the
and
and
and
if
sanjay
is
able
to
Mehdi Hosseini (Senior Equity Research Analyst)
02:19.390
maintain
margins
what
i
mean
capacity
will
be
the
key
catalyst
unfortunately
i'm
not
sure
if
you
could
model
that
or
history
doesn't
really
help
us
here
and
it's
just
going
to
come
down
to
more
like
a
hand
to
hand
combat
and
earning
every
earnings
earning
report
at
the
time
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