Analyst Says Micron (MU) Upside Already ‘Baked In’ Despite Strong Guidance

Core Viewpoint - Micron Technology Inc. (NASDAQ:MU) has garnered attention due to its strong fiscal Q4 results and optimistic fiscal Q1 guidance, although analysts suggest that much of the potential upside is already reflected in the stock price [2][3][4]. Group 1: Financial Performance - Micron Technology Inc. reported strong fiscal Q4 results, exceeding Wall Street expectations [3]. - The company anticipates Q1 EPS in the range of $3.60 to $3.90 and revenue between $12.2 billion to $12.8 billion, both metrics surpassing market estimates [3]. Group 2: Market Position and Analyst Sentiment - Analysts highlight Micron's strong position in the AI-driven memory market, noting robust demand in the latest quarter [4]. - Despite the positive outlook, some analysts believe that the stock's upside is largely "baked in," indicating limited room for further growth in the near term [2][3].