What TD Cowen's $60 EPS Call Means for Micron Technology (MU)

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TD Cowen has raised its long-term earnings outlook for Micron Technology (MU), anticipating its EPS could reach $60 by 2026 due to persistent structural supply capacity issues in the DRAM market. This forecast suggests stronger pricing and margin development for Micron, with potential stock price growth to $600 over time. Additionally, Micron’s management reaffirmed strong demand for its HBM4 product, with shipping expected to start earlier than previously guided.

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