LOGI Stock Forecast: Growth During the Pandemic Period Enables $162 Outlook for 2022

Emily_portraitThis LOGI stock forecast article was written by Emily Adelson – Analyst at I Know First.

Highlights:

  • Logitech Inc has experienced rapid growth in the last few years, most significantly with their stock growth by over 135% percent in the past fiscal year alone, discussed below. 
  • Over the last fiscal year, the Logitech stock grew by 76%, and revenue doubled reaching 1.46 billion
  • Logitech's recent acquisition of Streamlands and Sync has resulted in major growth within the company
  • My predicted stock price for June 2022 is $161.51, because of the growing demand for computer accessories as a result of the work-from-home environment. 

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NVDA Stock: Will It Continue to Grow in Q3?

This NVDA stock forecast article is written by Hao Liu, financial analyst at I Know First.

Summary:

  • Impetus for spending is likely to fade away for some technology segment, but not semiconductor
  • Nvidia business transformation into AI and machine learning could bring big wins
  • NVDA stock is a strong buy, especially in the long term

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Do Nvidia’s New Competitors Pose a Threat?

This article was written by Moe Chabot, a Financial Analyst at I Know First

Source: Shutterstock

Summary

  • Nvidia’s Q2 FY2019 was outstanding showing great growth in Gaming, Professional Visualization, and Data center
  • The rise in GPU sales from Gaming, Professional Visualization, and Data center offset the sudden drop in cryptocurrency GPU sales
  • Tesla recently terminated use of Nvidia’s self-driving car platform
  • Huawei a Chinese tech company released an AI chip to compete with Nvidia’s Data center business


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NVDA Stock Forecast: Is Nvidia’s growth sustainable?

  The article was written by Isabelle Tao, a Financial Analyst at I Know First.

 

 

 

    Highlights

      • Strong Q2 earnings led by Datacenter and Gaming sectors

      • Turing architecture will drive further growth in GPU

      • Nvidia is likely to stay ahead in competition with Intel and AMD

      • I Know First algorithm is currently bullish on NVDA in the long run

     

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AMD Stock Forecast: What success looks like and why it’s unstoppable

  The article was written by Isabelle Tao, a Financial Analyst at I Know First.

 

 

 

    Highlights

    • Strong Radeon, Ryzen, EPYC, and Semi-custom Sales Contributed to a Strong AMD Q2 2018

    • Continue Holding to AMD Stocks

    • Technical Analysis Confirms AMD Stock Forecast Bullish Trends

    • I Know First’s Algorithm is Bullish for AMD in the Long Run

     

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Winning Stock Forecast: Micron (MU) Up 78.5% and On the Path to Success Despite Staggering Stock Prices

Winning Stock Forecast: Micron (MU) On the Path to Success Despite Staggering Stock Prices

[Source: Wikimedia Commons, May 15th, 2018]

“Near-term conditions are in fact exceptional, and the exceptional cloud spending that has driven such conditions seems likely to persist. So, our ‘stronger for longer’ thesis remains intact.”

–Morgan Stanley Analyst Joseph Moore

Micron Technology is nearing a potentially big breakout, one that may result in shares jumping by nearly 15%, to roughly $61.50, from its current price around $53.50. Over the past 12 months, Micron Technologies stock has risen from its original price of $28.90 to $51.80, jumping a whopping 79%. Additionally, Micron stock has outperformed the market by nearly 65% over this time period. But that doesn’t mean it has been only smooth sailing, despite the significant rise, shares are nearly 13% off their 2018 highs. The following explanations give rise to the rapid increase in MU stock despite the industries characteristic volatile movements.

Micron Technology underperformed the industry-wide Server DRAM market in 2017 despite forecasts of strong growth in the sector. Additionally, internet protocol traffic in public clouds data centers is expected to nearly triple from 96,054 Petabytes per month in 2016 to 278,108 PB per month in 2021. Server DRAM demand is forecast to increase from 17,789 million Gb to 98,218 million Gb – a 452% growth between 2017 and 2021.

[Source: Yahoo Finance, May 15th, 2018]

Micron May Break Out Leading to a 15% Rise

The charts aren’t the only thing suggesting shares will continue to rise, because analysts have been aggressively upping their price targets on the stock. Since March 8, analysts have raised the average price target on the stock by nearly 21.5% to about $71.50, according to data from YCharts. Of the 30 analysts covering the stock, about 80% of them rate the shares either a buy or outperform.

[Source: MU data by YCharts, May 15th, 2018]
Micron shares have recently emerged from a technical pattern called a descending wedge, which is a bullish reversal pattern. It serves as an indication that Micron has likely reversed the recent downtrend from mid-March through early May 2018. Additionally, Micron found a stable level of technical support at $45.25 at the start of May on two separate occasions, another bullish technical pattern, known as a double bottom. Shares currently sit just below a critical technical resistance level at $54, and should it rise above resistance the stock could very well be back on its way toward $61.50.

The relative strength index (RSI) has also turned positive after bottoming out on three occasions around $37. Additionally, the RSI is now beginning to trend higher, and with a reading around $60, it still has a distance to go before reaching overbought conditions around $70. Volume has also been tapering off since mid-March, and that may indicate that sellers are now backing away from the stock. Ideally, one would want to see a surge in buying volume on a breakout above $54.

DRAM Analysis

Table 1 below is an update on MU’s performance in 2016, where Server DRAM represented 10% of MU’s sales compared to 9% for the entire industry. For 2017, MU’s Server share of revenues increased to 15%, but industry wide, Server shares represented 19% of the market.

According to MU’s 10-K, for 2017, “20% of the company’s net sales were to the compute and graphics market (including desktop PCs, notebooks, and workstations); 20% were to mobile

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Micron Stock Forecast: Micron (MU) Shares Show Consistent Algorithm Results

This article was written by Esther Hanon, a Financial Analyst at I Know First

“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination”

—Jimmy Dean

Summary:­­­­

  • Memory-chip maker Micron Technology continued its skyward climb, following a breakout last week
  • Micron shares jumped 8.8% to close at 59.37 on the stock market on Monday, March 12 Micron stock broke out of a 14-week consolidation period with a buy point of 49.99 on March 5th.
  • Analysts are maintaining its outperform rating while many others are shifting towards a buy rating in the recent days.
  • Catalysts for Micron stock include higher DRAM chip pricing, margin expansion in NAND chips, and expectations for increased capital returns. Micron can also be an acquisition target as chip-industry merger activity intensifies.

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Micron Technology Inc: Long Way To Go

This article was written by Mingyue Liu, a Financial Analyst at I Know First.

Micron Technology Inc: Long Way To Go

In order for the United States to do the right things for the long term, it appears to be helpful for us to have the prospect of humiliation. Sputnik helped us fund good science - really good science: the semiconductor came out of it. (By Bill Gates)

Summary:

  • Business Overview: Business description & SWOT analysis
  • For those who are new to semiconductor industry--Understand Micron's Business
  • Rationale Behind The Bearish Forecast for MU

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