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This implies that full synergies could be realized only by the second half of 2028.The investment firm said it expects modest iPhone content growth in 2027 as the product mix shifts toward an internal modem, while overall smartphone growth remains muted and 6G catalysts are still several years away.RBC reiterated its sector perform rating on the stock and raised its price target to $95 from $70.Price: 85.81, Change: +0.33, Percent Change: 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Technology's Strategic Customer Agreements Provide 'Meaningful' Downside Protection, RBC Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2672763323","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2672763323?lang=en_us&edition=fundamental","pubTime":"2026-10-01 22:53","pubTimestamp":1790866386,"startTime":"0","endTime":"0","summary":"Micron Technology's  strategic customer agreements provide \"meaningful\" downside protection even if some customers miss honoring their commitments, RBC Capital Markets said in a Wednesday note.The company's strategic customer agreements rose to 26 from 16 in the prior quarter with remaining performance obligation recorded at about $150 billion, which the company stated will account for over 35% of its total revenue through 2030, according to the note. The increase in strategic customer agreements point to customer confidence in demand sustainability in the sector, RBC analysts said.Micron's floor pricing agreements are being not fully valued by the market, and there is room for \"sizeable\" multiple expansion even if its strategic customer agreements are only partially effective, the analysts said.The company's recent financial results and guidance were slightly ahead of RBC's expectations. 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It’s gettinghairyout there in bond markets. A global selloff in fixed income is driving benchmark 10-year US Treasury yields to 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