BofA Raises Micron Targets on Durable AI Memory Cycle, Sees $60-100B Buyback by FY28-29
firstadopter · x · 2026-10-01
BofA says Micron delivered another strong beat-and-raise, reinforcing memory's role in AI and supply-side discipline supporting a durable cycle. It expects buybacks above the Street's $30-35B for FY27E, expanding to $60-100B by FY28-29, and raises FY27/28E sales +20%/+30% and EPS to $172/$198, reiterating Buy as a top AI pick.
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