Micron (MU) is currently valued at only 6.5 times its expected earnings. RBC believes SCAs may alter this situation.
RBC Capital is convinced that the market may not completely appreciate how Strategic Customer Agreements (SCAs) could impact Micron Technology, Inc. (NASDAQ:MU)’s earnings. On September 18, the brokerage maintained an Outperform rating along with a price target of $1,500 for the stock. They suggest that the increasing demand from AI, combined with memory-heavy agentic AI […]