<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>圖片來源：Unsplash</em></p>
<p>美光科技（Micron Technology，MU）股價在週三上漲近 5%，投資者正為該公司定於 12 月 17 日發佈的 2026 財年第一季度財報做準備。該股在過去六個月內上漲超過 100%，最近達到了新的歷史高點。</p>
<p><em>(點擊圖片放大)</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>華爾街預計美光本季度每股收益為 3.93 美元，而去年同期為每股 1.79 美元。收入預期為 128.2 億美元，同比增長超過 45%。</p>
<p>財報發佈前的準備引發了一波分析師的評級上調。包括 Stifel、瑞穗和瑞銀在內的頂級公司提高了該股的目標價。分析師指出，內存價格趨勢改善和對高帶寬內存的強勁需求是主要驅動因素。</p>
<h2>分析師樂觀情緒上升</h2>
<p>滙豐銀行分析師 Ricky Seo 本週開始覆蓋該股，給予買入評級和 330 美元的目標價。Seo 駁斥了對新競爭者和星際之門項目帶來的財務風險的擔憂。他認為市場低估了商品 DRAM 價格上漲帶來的好處。</p>
<p>滙豐銀行認為，美光到 2027 財年可以佔據企業 SSD 市場的 25-30%。這一比例較 2025 年第二季度的 15% 有所上升。該公司預計 2025 年至 2027 年間的營業利潤將以 125% 的年增長率增長。</p>
<p>德意志銀行的 Melissa Weathers 將其目標價從 200 美元上調至 280 美元。Weathers 認為美光在下一個內存市場週期中處於有利位置。高帶寬內存正在推動可能支持更高估值的變化。</p>
<p>德意志銀行將其 2026 財年的全年收益預期上調近 26%，至每股 20.63 美元。該公司還將其收入預期上調 12%，至 596.6 億美元。</p>
<h2>內存市場動態</h2>
<p>內存芯片行業正經歷供應緊張。美光 2025 財年的收入增長了 49%，因為 DRAM 售價上漲。更高的價格改善了利潤率，使得截至 8 月 28 日的財年調整後每股收益達到 8.29 美元。</p>
<p>管理層預計明年 DRAM 供應將繼續有限。雖然多家公司生產內存芯片，但數據中心的需求造成了短缺。這一動態使得內存價格飆升。</p>
<p>該股目前的交易價格約為 2026 財年收益預期的 15 倍。滙豐銀行對 2025 年至 2027 年的收益預期分別比華爾街共識高出 23%、44% 和 29%。</p>
<h2>華爾街評級</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>來源：Knockoutstocks.com</p>
<p>然而，近期的反彈使得股價超過了這一平均目標。這表明儘管持續的樂觀情緒，短期內的上漲空間有限。該股在過去三個月中上漲了 85%。</p>
<p>內存芯片市場競爭依然激烈。DRAM 本質上是一種商品產品，其價格波動由供需關係驅動。這些歷史波動使得美光的股票分析變得具有挑戰性。</p>
<p>分析師指出，內存市場的供應紀律正在恢復利潤率。行業低迷似乎已觸底。數據中心的需求繼續推動增長，各公司競相建設需要大量內存容量的人工智能基礎設施。</p>
<hr/>
<p><em>更多來自該作者的文章：</em></p>
<p>比特幣面臨潛在價格下跌至 75,000 美元，因 ETF 流入減少</p>
<p>Michael Saylor 的策略確保納斯達克 100 指數名額，MSCI 決定臨近</p>
<p>每週總結：股票和加密市場下跌，人工智能泡沫擔憂浮現</p>

美光科技

<p>美光科技的股票在接近 2026 財年第一季度財報發佈的日期（12 月 17 日）時上漲了近 5%。分析師預計每股收益為 3.93 美元，較去年大幅增長。預計收入同比增長超過 45%。包括滙豐銀行和德意志銀行在內的分析師已上調了目標價，理由是內存價格和需求改善。儘管近期股價上漲，但由於競爭市場動態和內存芯片行業供需波動，股票在短期內面臨有限的上漲空間</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>圖片來源：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）股價在週三上漲近 5%，投資者正為該公司定於 12 月 17 日發佈的 2026 財年第一季度財報做準備。該股在過去六個月內上漲超過 100%，最近達到了新的歷史高點。</p>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(點擊圖片放大)</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>華爾街預計美光本季度每股收益為 3.93 美元，而去年同期為每股 1.79 美元。收入預期為 128.2 億美元，同比增長超過 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>財報發佈前的準備引發了一波分析師的評級上調。包括 Stifel、瑞穗和瑞銀在內的頂級公司提高了該股的目標價。分析師指出，內存價格趨勢改善和對高帶寬內存的強勁需求是主要驅動因素。</p>
</div><h2>Analyst Optimism Builds</h2>
<div class="lb-trans"><h2>分析師樂觀情緒上升</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>滙豐銀行分析師 Ricky Seo 本週開始覆蓋該股，給予買入評級和 330 美元的目標價。Seo 駁斥了對新競爭者和星際之門項目帶來的財務風險的擔憂。他認為市場低估了商品 DRAM 價格上漲帶來的好處。</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>滙豐銀行認為，美光到 2027 財年可以佔據企業 SSD 市場的 25-30%。這一比例較 2025 年第二季度的 15% 有所上升。該公司預計 2025 年至 2027 年間的營業利潤將以 125% 的年增長率增長。</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>德意志銀行的 Melissa Weathers 將其目標價從 200 美元上調至 280 美元。Weathers 認為美光在下一個內存市場週期中處於有利位置。高帶寬內存正在推動可能支持更高估值的變化。</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>德意志銀行將其 2026 財年的全年收益預期上調近 26%，至每股 20.63 美元。該公司還將其收入預期上調 12%，至 596.6 億美元。</p>
</div><h2>Memory Market Dynamics</h2>
<div class="lb-trans"><h2>內存市場動態</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>內存芯片行業正經歷供應緊張。美光 2025 財年的收入增長了 49%，因為 DRAM 售價上漲。更高的價格改善了利潤率，使得截至 8 月 28 日的財年調整後每股收益達到 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>管理層預計明年 DRAM 供應將繼續有限。雖然多家公司生產內存芯片，但數據中心的需求造成了短缺。這一動態使得內存價格飆升。</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>該股目前的交易價格約為 2026 財年收益預期的 15 倍。滙豐銀行對 2025 年至 2027 年的收益預期分別比華爾街共識高出 23%、44% 和 29%。</p>
</div><h2>Wall Street Ratings</h2>
<div class="lb-trans"><h2>華爾街評級</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>來源：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，近期的反彈使得股價超過了這一平均目標。這表明儘管持續的樂觀情緒，短期內的上漲空間有限。該股在過去三個月中上漲了 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>內存芯片市場競爭依然激烈。DRAM 本質上是一種商品產品，其價格波動由供需關係驅動。這些歷史波動使得美光的股票分析變得具有挑戰性。</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>分析師指出，內存市場的供應紀律正在恢復利潤率。行業低迷似乎已觸底。數據中心的需求繼續推動增長，各公司競相建設需要大量內存容量的人工智能基礎設施。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
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<div class="lb-trans"><p>比特幣面臨潛在價格下跌至 75,000 美元，因 ETF 流入減少</p>
</div><p>Michael Saylor’s Strategy Secures Nasdaq 100 Spot As MSCI Decision Looms</p>
<div class="lb-trans"><p>Michael Saylor 的策略確保納斯達克 100 指數名額，MSCI 決定臨近</p>
</div><p>Weekly Wrap-Up: Stock And Crypto Markets Tumble As AI Bubble Fears Surface</p>
<div class="lb-trans"><p>每週總結：股票和加密市場下跌，人工智能泡沫擔憂浮現</p>
</div>

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

- 美光科技（Micron Technology）股價週三上漲近 5%，投資者期待其 2026 財年第一季度財報。  
- 華爾街預計該公司每股收益為 3.93 美元，收入預期為 128.2 億美元，同比增長超過 45%。  
- 內存芯片行業供需緊張，推動價格上漲，分析師對美光前景持樂觀態度。  

美光科技的股票：在 12 月 17 日財報發佈之前是否值得買入？