William Blair equity research analyst Sebastien Naji was quoted by TechCrunch on the market forces and company-specific details positioning Micron as a leader in the chipmaking market.
“Given the strong likelihood of continued ASP growth in the coming quarters and improving revenue visibility thanks to a rapidly expanding set of long-term agreements (SCAs) with key customers, we see potential for more durable earnings growth and reiterate our Outperform rating,” Naji wrote in a note to investors that was cited by the publication.