<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1518770660439-4636190af475/query-aXhpZD1leUpoY0hCZmFXUWlPakV5TURkOSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1000" height="667" original-src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1518770660439-4636190af475/query-aXhpZD1leUpoY0hCZmFXUWlPakV5TURkOSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA"/></p>
<p><em>图片来源：Unsplash</em></p>
<p>美光科技（Micron Technology，MU）股价在周三上涨近 5%，投资者正为该公司定于 12 月 17 日发布的 2026 财年第一季度财报做准备。该股在过去六个月内上涨超过 100%，最近达到了新的历史高点。</p>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://knockoutstocks.com/api/stocks/MU/embed?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://knockoutstocks.com/api/stocks/MU/embed"/></p>
<p>华尔街预计美光本季度每股收益为 3.93 美元，而去年同期为每股 1.79 美元。收入预期为 128.2 亿美元，同比增长超过 45%。</p>
<p>财报发布前的准备引发了一波分析师的评级上调。包括 Stifel、瑞穗和瑞银在内的顶级公司提高了该股的目标价。分析师指出，内存价格趋势改善和对高带宽内存的强劲需求是主要驱动因素。</p>
<h2>分析师乐观情绪上升</h2>
<p>汇丰银行分析师 Ricky Seo 本周开始覆盖该股，给予买入评级和 330 美元的目标价。Seo 驳斥了对新竞争者和星际之门项目带来的财务风险的担忧。他认为市场低估了商品 DRAM 价格上涨带来的好处。</p>
<p>汇丰银行认为，美光到 2027 财年可以占据企业 SSD 市场的 25-30%。这一比例较 2025 年第二季度的 15% 有所上升。该公司预计 2025 年至 2027 年间的营业利润将以 125% 的年增长率增长。</p>
<p>德意志银行的 Melissa Weathers 将其目标价从 200 美元上调至 280 美元。Weathers 认为美光在下一个内存市场周期中处于有利位置。高带宽内存正在推动可能支持更高估值的变化。</p>
<p>德意志银行将其 2026 财年的全年收益预期上调近 26%，至每股 20.63 美元。该公司还将其收入预期上调 12%，至 596.6 亿美元。</p>
<h2>内存市场动态</h2>
<p>内存芯片行业正经历供应紧张。美光 2025 财年的收入增长了 49%，因为 DRAM 售价上涨。更高的价格改善了利润率，使得截至 8 月 28 日的财年调整后每股收益达到 8.29 美元。</p>
<p>管理层预计明年 DRAM 供应将继续有限。虽然多家公司生产内存芯片，但数据中心的需求造成了短缺。这一动态使得内存价格飙升。</p>
<p>该股目前的交易价格约为 2026 财年收益预期的 15 倍。汇丰银行对 2025 年至 2027 年的收益预期分别比华尔街共识高出 23%、44% 和 29%。</p>
<h2>华尔街评级</h2>
<p><img src="https://imageproxy.pbkrs.com/https://coincentral.com/wp-content/uploads/2025/12/Screenshot-2025-12-14-112804.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://coincentral.com/wp-content/uploads/2025/12/Screenshot-2025-12-14-112804.png"/></p>
<p>来源：Knockoutstocks.com</p>
<p>然而，近期的反弹使得股价超过了这一平均目标。这表明尽管持续的乐观情绪，短期内的上涨空间有限。该股在过去三个月中上涨了 85%。</p>
<p>内存芯片市场竞争依然激烈。DRAM 本质上是一种商品产品，其价格波动由供需关系驱动。这些历史波动使得美光的股票分析变得具有挑战性。</p>
<p>分析师指出，内存市场的供应纪律正在恢复利润率。行业低迷似乎已触底。数据中心的需求继续推动增长，各公司竞相建设需要大量内存容量的人工智能基础设施。</p>
<hr/>
<p><em>更多来自该作者的文章：</em></p>
<p>比特币面临潜在价格下跌至 75,000 美元，因 ETF 流入减少</p>
<p>Michael Saylor 的策略确保纳斯达克 100 指数名额，MSCI 决定临近</p>
<p>每周总结：股票和加密市场下跌，人工智能泡沫担忧浮现</p>

美光科技

<p>美光科技的股票在接近 2026 财年第一季度财报发布的日期（12 月 17 日）时上涨了近 5%。分析师预计每股收益为 3.93 美元，较去年大幅增长。预计收入同比增长超过 45%。包括汇丰银行和德意志银行在内的分析师已上调了目标价，理由是内存价格和需求改善。尽管近期股价上涨，但由于竞争市场动态和内存芯片行业供需波动，股票在短期内面临有限的上涨空间</p>

<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1518770660439-4636190af475/query-aXhpZD1leUpoY0hCZmFXUWlPakV5TURkOSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA" alt="" original-src="https://images.unsplash.com/photo-1518770660439-4636190af475?ixlib=rb-1.2.1&amp;ixid=eyJhcHBfaWQiOjEyMDd9&amp;w=1000&amp;q=80"/></p>
<p><em>Image Source: Unsplash</em></p>
<div class="lb-trans"><p><em>图片来源：Unsplash</em></p>
</div><p>Micron Technology (MU) shares gained nearly 5% on Wednesday as investors prepare for the company’s fiscal Q1 2026 earnings report scheduled for December 17. The stock recently reached a new all-time high after surging more than 100% over the past six months.</p>
<div class="lb-trans"><p>美光科技（Micron Technology，MU）股价在周三上涨近 5%，投资者正为该公司定于 12 月 17 日发布的 2026 财年第一季度财报做准备。该股在过去六个月内上涨超过 100%，最近达到了新的历史高点。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://knockoutstocks.com/api/stocks/MU/embed" alt="" original-src="https://knockoutstocks.com/api/stocks/MU/embed"/></p>
<p>Wall Street expects Micron to report earnings of $3.93 per share for the quarter. That compares to $1.79 per share in the same period last year. Revenue projections stand at $12.82 billion, representing over 45% year-over-year growth.</p>
<div class="lb-trans"><p>华尔街预计美光本季度每股收益为 3.93 美元，而去年同期为每股 1.79 美元。收入预期为 128.2 亿美元，同比增长超过 45%。</p>
</div><p>The buildup to earnings has sparked a wave of analyst upgrades. Top firms including Stifel, Mizuho, and UBS raised their price targets on the stock. The analysts pointed to improving memory pricing trends and stronger demand for high bandwidth memory as key drivers.</p>
<div class="lb-trans"><p>财报发布前的准备引发了一波分析师的评级上调。包括 Stifel、瑞穗和瑞银在内的顶级公司提高了该股的目标价。分析师指出，内存价格趋势改善和对高带宽内存的强劲需求是主要驱动因素。</p>
</div><h2>Analyst Optimism Builds</h2>
<div class="lb-trans"><h2>分析师乐观情绪上升</h2>
</div><p>HSBC analyst Ricky Seo initiated coverage this week with a Buy rating and a $330 price target. Seo dismissed concerns about financial risks from new competitors and the Stargate Project. He argued the market is underestimating benefits from rising commodity DRAM prices.</p>
<div class="lb-trans"><p>汇丰银行分析师 Ricky Seo 本周开始覆盖该股，给予买入评级和 330 美元的目标价。Seo 驳斥了对新竞争者和星际之门项目带来的财务风险的担忧。他认为市场低估了商品 DRAM 价格上涨带来的好处。</p>
</div><p>HSBC believes Micron can capture 25-30% of the enterprise SSD market by fiscal 2027. That’s up from 15% in Q2 2025. The firm expects operating profits to grow at a 125% annual rate from 2025 to 2027.</p>
<div class="lb-trans"><p>汇丰银行认为，美光到 2027 财年可以占据企业 SSD 市场的 25-30%。这一比例较 2025 年第二季度的 15% 有所上升。该公司预计 2025 年至 2027 年间的营业利润将以 125% 的年增长率增长。</p>
</div><p>Deutsche Bank’s Melissa Weathers raised her price target from $200 to $280. Weathers sees Micron well-positioned to benefit from the next memory market cycle. High-bandwidth memory is driving changes that could support higher valuations.</p>
<div class="lb-trans"><p>德意志银行的 Melissa Weathers 将其目标价从 200 美元上调至 280 美元。Weathers 认为美光在下一个内存市场周期中处于有利位置。高带宽内存正在推动可能支持更高估值的变化。</p>
</div><p>Deutsche Bank increased its full-year 2026 earnings estimate by almost 26% to $20.63 per share. The firm also raised its revenue forecast by 12% to $59.66 billion.</p>
<div class="lb-trans"><p>德意志银行将其 2026 财年的全年收益预期上调近 26%，至每股 20.63 美元。该公司还将其收入预期上调 12%，至 596.6 亿美元。</p>
</div><h2>Memory Market Dynamics</h2>
<div class="lb-trans"><h2>内存市场动态</h2>
</div><p>The memory chip industry is experiencing supply tightness. Micron’s fiscal 2025 revenue jumped 49% as DRAM selling prices increased. Higher pricing has improved margins, pushing adjusted earnings per share to $8.29 for the fiscal year that ended August 28.</p>
<div class="lb-trans"><p>内存芯片行业正经历供应紧张。美光 2025 财年的收入增长了 49%，因为 DRAM 售价上涨。更高的价格改善了利润率，使得截至 8 月 28 日的财年调整后每股收益达到 8.29 美元。</p>
</div><p>Management expects limited DRAM supply to continue next year. Multiple companies manufacture memory chips, but demand from data centers has created a shortage. This dynamic has sent memory prices soaring.</p>
<div class="lb-trans"><p>管理层预计明年 DRAM 供应将继续有限。虽然多家公司生产内存芯片，但数据中心的需求造成了短缺。这一动态使得内存价格飙升。</p>
</div><p>The stock currently trades at around 15 times fiscal 2026 earnings estimates. HSBC’s earnings projections for 2025 through 2027 run 23%, 44%, and 29% higher than Wall Street consensus.</p>
<div class="lb-trans"><p>该股目前的交易价格约为 2026 财年收益预期的 15 倍。汇丰银行对 2025 年至 2027 年的收益预期分别比华尔街共识高出 23%、44% 和 29%。</p>
</div><h2>Wall Street Ratings</h2>
<div class="lb-trans"><h2>华尔街评级</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://coincentral.com/wp-content/uploads/2025/12/Screenshot-2025-12-14-112804.png" alt="" original-src="https://coincentral.com/wp-content/uploads/2025/12/Screenshot-2025-12-14-112804.png"/></p>
<p>Source: Knockoutstocks.com</p>
<div class="lb-trans"><p>来源：Knockoutstocks.com</p>
</div><p>However, the recent rally has pushed shares above that average target. This suggests limited near-term upside despite continued bullish sentiment. The stock has gained 85% over the last three months.</p>
<div class="lb-trans"><p>然而，近期的反弹使得股价超过了这一平均目标。这表明尽管持续的乐观情绪，短期内的上涨空间有限。该股在过去三个月中上涨了 85%。</p>
</div><p>The memory chip market remains highly competitive. DRAM is essentially a commodity product with fluctuations driven by supply and demand. These historical swings make Micron a challenging stock to analyze.</p>
<div class="lb-trans"><p>内存芯片市场竞争依然激烈。DRAM 本质上是一种商品产品，其价格波动由供需关系驱动。这些历史波动使得美光的股票分析变得具有挑战性。</p>
</div><p>Analysts cite supply discipline across the memory market as margins recover. The industry downturn appears to be bottoming out. Data center demand continues to drive growth, with companies racing to build AI infrastructure that requires substantial memory capacity.</p>
<div class="lb-trans"><p>分析师指出，内存市场的供应纪律正在恢复利润率。行业低迷似乎已触底。数据中心的需求继续推动增长，各公司竞相建设需要大量内存容量的人工智能基础设施。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自该作者的文章：</em></p>
</div><p>Bitcoin Faces Potential Price Drop To $75k Amid Declining ETF Inflows</p>
<div class="lb-trans"><p>比特币面临潜在价格下跌至 75,000 美元，因 ETF 流入减少</p>
</div><p>Michael Saylor’s Strategy Secures Nasdaq 100 Spot As MSCI Decision Looms</p>
<div class="lb-trans"><p>Michael Saylor 的策略确保纳斯达克 100 指数名额，MSCI 决定临近</p>
</div><p>Weekly Wrap-Up: Stock And Crypto Markets Tumble As AI Bubble Fears Surface</p>
<div class="lb-trans"><p>每周总结：股票和加密市场下跌，人工智能泡沫担忧浮现</p>
</div>

Micron Stock: Is It A Buy Ahead Of Earnings On December 17?

- 美光科技（Micron Technology）股价周三上涨近 5%，投资者期待其 2026 财年第一季度财报。  
- 华尔街预计该公司每股收益为 3.93 美元，收入预期为 128.2 亿美元，同比增长超过 45%。  
- 内存芯片行业供需紧张，推动价格上涨，分析师对美光前景持乐观态度。  

美光科技的股票：在 12 月 17 日财报发布之前是否值得买入？