<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/20251211_1933_AI-Driven-Stock-Surge_simple_compose_01kc6vdj7rfc6an3pepf8a2e4t.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/20251211_1933_AI-Driven-Stock-Surge_simple_compose_01kc6vdj7rfc6an3pepf8a2e4t.png"/></p>
<p>美光科技的股票持续快速上涨，本周创下历史新高，华尔街分析师在公司财年第一季度财报发布前提高了预期，财报将于 12 月 17 日公布。</p>
<p>这家内存芯片制造商已成为人工智能硬件需求激增的突出受益者，自年初以来，其股价已上涨超过三倍。</p>
<p>美光周三收盘价接近 264 美元，盘中上涨超过 4%，巩固了其在 2025 年纳斯达克 100 指数中表现最佳股票的地位。</p>
<p>分析师将此次上涨归因于内存市场价格的急剧上涨，以及美光在全球人工智能相关投资加速时的良好定位。</p>
<h2>分析师指出人工智能势头和紧张供应</h2>
<p>花旗分析师本周将美光的目标价从 275 美元上调至 300 美元，几乎是 9 月初目标的两倍。</p>
<p>他们指出，人工智能公司正在尽可能快地购买内存芯片，造成短缺，并出现他们所描述的 “前所未有的价格上涨”。</p>
<p>他们表示，这些情况可能会推动对内存制造的大规模资本注入，惠及美光以及专注于高性能 DRAM 和 NAND 的竞争对手。</p>
<p>美光是英伟达和超微半导体的关键供应商，处于这一供应链扩展的核心。</p>
<p>德意志银行的分析师也表达了乐观的态度，将目标价从 200 美元上调至 280 美元，并称美光 “在不断变化的内存市场动态中处于有利位置”。</p>
<p>他们还强调了公司在优先考虑盈利能力而非市场份额方面的能力，称该股票在当前环境中 “特别有吸引力”。</p>
<p>上个月，摩根士丹利将目标价从 220 美元上调至 325 美元，并将美光升级为 “首选”，指出内存组件价格的急剧上涨可能会推动销售和利润在明年持续增长。</p>
<h2>汇丰银行认为 “还有进一步增长的空间”</h2>
<p>本周，乐观情绪进一步扩大，汇丰银行对美光启动了覆盖，给予买入评级和 330 美元的目标价。</p>
<p>分析师 Ricky Seo 表示，关于新竞争者和大型行业项目（如星际门计划）带来的财务压力的担忧被夸大了。</p>
<p>他认为，尽管美光今年表现出色，但仍然 “有很多进一步增长的空间”。</p>
<p>汇丰预计美光将在企业 SSD 市场显著增加市场份额，预计从 2025 年第二季度的 15% 上升到 2027 财年的 25% 至 30%。</p>
<p>该银行还预测，从 2025 年到 2027 年，营业利润将以 125% 的年增长率增长，预计大幅高于华尔街共识。</p>
<h2>瑞银强调 2027 年前的紧张供应</h2>
<p>瑞银在周三加入了乐观预测的行列，重申其买入评级，并将 12 个月目标价从 275 美元上调至 295 美元。</p>
<p>分析师 Timothy Arcuri 指出，DRAM 和 NAND 市场存在 “显著的供不应求”，他预计这一趋势将持续到至少 2026 年底的 NAND 和 2027 年初的 DRAM。</p>
<p>Arcuri 写道，强于预期的价格应继续推动盈利预期上升，预计 2027 年每股收益约为 38 美元。</p>
<p>他维持了第一季度收入 132 亿美元和每股收益 4.27 美元的预测，并指出这些数字仍高于公司的指导。</p>
<p>尽管美光的势头依然强劲，但一些分析师持谨慎态度，股票交易价格远高于 11 位跟踪分析师的平均目标价约 237 美元。</p>
<p>尽管如此，广泛的共识仍然偏向乐观：LSEG 数据显示，在即将到来的财报发布前，46 位分析师中有 40 位对美光股票给予买入或强烈买入评级。</p>
<p>文章《为什么分析师认为美光的上涨还有更多潜力？》首发于 Invezz</p>

美光科技

<p>美光科技的股票已达到历史新高，主要受到对人工智能硬件需求激增的推动。分析师们提高了价格目标，指出内存市场供应紧张和价格上涨。花旗、德意志银行、摩根士丹利、汇丰银行和瑞银均表达了看涨的情绪，价格目标范围在 280 美元到 330 美元之间。尽管由于交易价格较高而存在一些谨慎态度，但总体共识仍然积极，大多数分析师在美光发布财报前将其评级为买入或强力买入</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/20251211_1933_AI-Driven-Stock-Surge_simple_compose_01kc6vdj7rfc6an3pepf8a2e4t.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/20251211_1933_AI-Driven-Stock-Surge_simple_compose_01kc6vdj7rfc6an3pepf8a2e4t.png"/></p>
<p>Micron Technology’s stock continues its rapid ascent, hitting fresh all-time highs this week as Wall Street analysts raise their expectations ahead of the company’s fiscal first-quarter earnings report on December 17.</p>
<div class="lb-trans"><p>美光科技的股票持续快速上涨，本周创下历史新高，华尔街分析师在公司财年第一季度财报发布前提高了预期，财报将于 12 月 17 日公布。</p>
</div><p>The memory chip maker has become one of the standout beneficiaries of surging demand for artificial intelligence hardware, driving its shares to more than triple in value since the start of the year.</p>
<div class="lb-trans"><p>这家内存芯片制造商已成为人工智能硬件需求激增的突出受益者，自年初以来，其股价已上涨超过三倍。</p>
</div><p>Micron closed just under $264 on Wednesday, rising more than 4% during the session and cementing its status as the top-performing stock in the Nasdaq 100 in 2025.</p>
<div class="lb-trans"><p>美光周三收盘价接近 264 美元，盘中上涨超过 4%，巩固了其在 2025 年纳斯达克 100 指数中表现最佳股票的地位。</p>
</div><p>Analysts attribute the rally to a sharp increase in pricing across the memory market and expectations that Micron is well-positioned to capitalize as AI-related investment accelerates worldwide.</p>
<div class="lb-trans"><p>分析师将此次上涨归因于内存市场价格的急剧上涨，以及美光在全球人工智能相关投资加速时的良好定位。</p>
</div><h2>Analysts cite AI momentum and tight supply</h2>
<div class="lb-trans"><h2>分析师指出人工智能势头和紧张供应</h2>
</div><p>Citi analysts this week raised their price target on Micron to $300 from $275, doubling their target from early September.</p>
<div class="lb-trans"><p>花旗分析师本周将美光的目标价从 275 美元上调至 300 美元，几乎是 9 月初目标的两倍。</p>
</div><p>They noted that AI companies are buying memory chips as quickly as they can be produced, creating shortages and what they described as “unprecedented increases” in pricing.</p>
<div class="lb-trans"><p>他们指出，人工智能公司正在尽可能快地购买内存芯片，造成短缺，并出现他们所描述的 “前所未有的价格上涨”。</p>
</div><p>These conditions, they said, may drive “large capital infusions” into memory manufacturing, benefiting Micron as well as rivals focused on high-performance DRAM and NAND.</p>
<div class="lb-trans"><p>他们表示，这些情况可能会推动对内存制造的大规模资本注入，惠及美光以及专注于高性能 DRAM 和 NAND 的竞争对手。</p>
</div><p>Micron, a key supplier to Nvidia and Advanced Micro Devices, sits at the heart of this supply chain expansion.</p>
<div class="lb-trans"><p>美光是英伟达和超微半导体的关键供应商，处于这一供应链扩展的核心。</p>
</div><p>Analysts at Deutsche Bank echoed the bullish tone, lifting their target to $280 from $200 and calling Micron “well poised to benefit” from evolving memory-market dynamics.</p>
<div class="lb-trans"><p>德意志银行的分析师也表达了乐观的态度，将目标价从 200 美元上调至 280 美元，并称美光 “在不断变化的内存市场动态中处于有利位置”。</p>
</div><p>They also highlighted the company’s ability to prioritize profitability over market share, describing the stock as “particularly attractive” in the current environment.</p>
<div class="lb-trans"><p>他们还强调了公司在优先考虑盈利能力而非市场份额方面的能力，称该股票在当前环境中 “特别有吸引力”。</p>
</div><p>Last month, Morgan Stanley increased its target to $325 from $220 and upgraded Micron to a “top pick,” citing a dramatic increase in pricing for memory components that could boost sales and profits well into next year.</p>
<div class="lb-trans"><p>上个月，摩根士丹利将目标价从 220 美元上调至 325 美元，并将美光升级为 “首选”，指出内存组件价格的急剧上涨可能会推动销售和利润在明年持续增长。</p>
</div><h2>HSBC sees ‘room for further growth’</h2>
<div class="lb-trans"><h2>汇丰银行认为 “还有进一步增长的空间”</h2>
</div><p>The bullish sentiment broadened this week as HSBC initiated coverage of Micron with a Buy rating and a $330 price target.</p>
<div class="lb-trans"><p>本周，乐观情绪进一步扩大，汇丰银行对美光启动了覆盖，给予买入评级和 330 美元的目标价。</p>
</div><p>Analyst Ricky Seo said concerns about financial pressures from new competitors and large-scale industry projects, such as the Stargate initiative, are overstated.</p>
<div class="lb-trans"><p>分析师 Ricky Seo 表示，关于新竞争者和大型行业项目（如星际门计划）带来的财务压力的担忧被夸大了。</p>
</div><p>He argued that despite Micron’s substantial outperformance this year, there is still “plenty of room for further growth.”</p>
<div class="lb-trans"><p>他认为，尽管美光今年表现出色，但仍然 “有很多进一步增长的空间”。</p>
</div><p>HSBC expects Micron to significantly increase its share of the enterprise SSD market, projecting a rise from 15% in the second quarter of 2025 to 25–30% by fiscal 2027.</p>
<div class="lb-trans"><p>汇丰预计美光将在企业 SSD 市场显著增加市场份额，预计从 2025 年第二季度的 15% 上升到 2027 财年的 25% 至 30%。</p>
</div><p>The bank also forecasts operating profit growth at a 125% annual rate from 2025 to 2027, with estimates substantially above Wall Street consensus.</p>
<div class="lb-trans"><p>该银行还预测，从 2025 年到 2027 年，营业利润将以 125% 的年增长率增长，预计大幅高于华尔街共识。</p>
</div><h2>UBS highlights tight supply through 2027</h2>
<div class="lb-trans"><h2>瑞银强调 2027 年前的紧张供应</h2>
</div><p>UBS added to the chorus of optimistic forecasts on Wednesday, reiterating its Buy rating and raising its 12-month price target to $295 from $275.</p>
<div class="lb-trans"><p>瑞银在周三加入了乐观预测的行列，重申其买入评级，并将 12 个月目标价从 275 美元上调至 295 美元。</p>
</div><p>Analyst Timothy Arcuri pointed to “meaningful undersupply” across both DRAM and NAND markets, a trend he expects to persist through at least late 2026 for NAND and early 2027 for DRAM.</p>
<div class="lb-trans"><p>分析师 Timothy Arcuri 指出，DRAM 和 NAND 市场存在 “显著的供不应求”，他预计这一趋势将持续到至少 2026 年底的 NAND 和 2027 年初的 DRAM。</p>
</div><p>Arcuri wrote that stronger-than-expected pricing should continue to push earnings estimates higher, forecasting roughly $38 in earnings per share for calendar 2027.</p>
<div class="lb-trans"><p>Arcuri 写道，强于预期的价格应继续推动盈利预期上升，预计 2027 年每股收益约为 38 美元。</p>
</div><p>He maintained his first-quarter projections of $13.2 billion in revenue and $4.27 in EPS, noting these remain ahead of the company’s guidance.</p>
<div class="lb-trans"><p>他维持了第一季度收入 132 亿美元和每股收益 4.27 美元的预测，并指出这些数字仍高于公司的指导。</p>
</div><p>While Micron’s momentum remains strong, some analysts are cautious, with the stock trading well above the average price target of roughly $237 among 11 tracked analysts.</p>
<div class="lb-trans"><p>尽管美光的势头依然强劲，但一些分析师持谨慎态度，股票交易价格远高于 11 位跟踪分析师的平均目标价约 237 美元。</p>
</div><p>Still, the broad consensus leans bullish: LSEG data shows 40 of 46 analysts rate Micron shares a Buy or Strong Buy as the company heads into next week’s earnings release.</p>
<div class="lb-trans"><p>尽管如此，广泛的共识仍然偏向乐观：LSEG 数据显示，在即将到来的财报发布前，46 位分析师中有 40 位对美光股票给予买入或强烈买入评级。</p>
</div><p>The post Why analysts think there is more to come in Micron's rally? appeared first on Invezz</p>
<div class="lb-trans"><p>文章《为什么分析师认为美光的上涨还有更多潜力？》首发于 Invezz</p>
</div>

Why analysts think there is more to come in Micron’s rally?

- Micron Technology 股票持续上涨，创下历史新高，分析师提高预期。  
- 需求激增推动内存芯片价格上涨，Micron 股价年初以来已上涨三倍。  
- 分析师普遍看好，预计 Micron 将在 AI 投资加速中受益。  

为什么分析师认为美光科技的上涨还有进一步的空间？