Micron report ‘bodes well’ for Western Digital, says Benchmark
Benchmark contends that Micron’s (MU) fiscal Q4 report had “positive insights” for Western Digital (WDC) investors. NAND average selling prices, or ASPs, grew by a high-single digit percentage in the quarter and NAND bit shipments, which grew by a high-single-digit percentage quarter-over-quarter in fiscal Q4, and are expected to grow in calendar year 2025 by a mid-teen percentage, the analyst noted. Record sales and significantly improved profitability are expected in FY25 from Micron, which “bodes well” for Western Digital, adds the firm, which has a Buy rating and $92 price target on shares of the latter.
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