MU Stock Forecast: Why Micron Deserves A Price Target Of $115

motek 1The MU stock forecast was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Micron’s stock has risen +43% since my June 20, 2020 buy recommendation for it. I am again endorsing it as a buy. MU is still relatively undervalued.
  • Micron’s SGRAM memory products are key to Nvidia and AMD’s discrete GPU business. The discrete GPU business is growing at 33.6% CAGR.
  • The Piotroski score of MU is 8. Micron is a safe long-term investment.
  • Micron is expanding into the fast-growing $13.7 billion data center accelerator market. The scalable Micron AC-511 compute module product is very promising.

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Micron Stock Forecast: Windows 11 And Chia Crypto Miners Are Tailwinds For Micron

motek 1The Micron stock forecast was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • In spite of the 3-month price slide of -12.18%, Micron’s stock is still +46.7% since my July 28, 2020 buy recommendation.
  • Work-from-home and learn-from-home are still the new normal. More infectious variants of COVID-19 renew the pandemic tailwind for Micron.
  • Nascent Chia cryptocurrency mining is a very promising tailwind for Micron.
  • Windows 11 is a solid tailwind for the server and PC DRAM industry.
  • The low-margin-on-hardware smartphone success of Xiaomi and BBK Electronics is also beneficial to mobile DRAM vendors like Micron.

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I Know First Weekly Review Algorithmic Performance: August 4th, 2020

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Investment Selection Using AI Predictive Algorithm
August 4, 2020

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Micron Stock Forecast: Surging Cloud Computing And The Pandemic Will Keep Boosting Micron’s Stock

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • My May 13 Micron stock forecast earns a buy recommendation as MU stock has shot up from $43.53 to $51.59.
  • I still rate MU as a buy, and I reiterate my $65 1-year price target for it. There’s still 5 months left that could compel investors to again be more optimistic on Micron.
  • The worsening COVID-19 in America, India, and other parts of the world convinced me that the new normal of work-from-home, learn-from-home is a big tailwind for MU.
  • TMicron reported Q3 outstanding numbers last May. I expect it to do the same for Q4. No thanks to COVID-19, I expect MU’s Q4 revenue to reach as high as $6.3 billion.
  • Storage and RAM products for the data center market are obviously higher-priced/higher-margin tailwinds for Micron.

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MU Stock Price: New Tailwinds That Could Steer Micron’s Stock Price To $65

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • Micron’s stock is down -21.23% from its 52-week high of $61.19.
  • The predictive algorithm of I Know First still gives a super bullish one-year forecast score of 339.66 for MU.
  • The technical indicators-centric artificial intelligence platform of WalletInvestor has a one-year price target of $64.878 for Micron’s stock.
  • My one-year price target for MU stock is $65. This is due to tailwinds from gaming smartphones/computers and increased need for data center storage and RAM.
  • No thanks to COVID-19, work-from-home is the new normal even after most countries lift their quarantine and travel bans.

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MU Stock Prediction: Micron Has Nothing To Fear From Chinese DRAM Manufacturers

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • In spite of the recent report that Innotron has started mass production of 10nm LPDDR4 DRAM in China, I Know First is still super bullish on Micron’s stock
  • Innotron or Hefei ChangXin is a state-owned company operating in China that aims to disrupt the DRAM market currently dominated by Samsung, SK Hynix, and Micron
  • A careful analysis convinced me that Micron and other current leaders in DRAM production has nothing to fear from Innotron
  • I am highly confident that Innotron or Hefei ChangXin will only sell its DRAM products inside China
  • Innotron will not dare sell outside China because Micron, SK Hynix, and Samsung can sue it for patent infringement. No Chinese company has original IP/patents on DRAM design.

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Winning Stock Forecast: Western Digital Rises 24% in 7 Days

Winning Stock Forecast: Western Digital Rises 24% in 7 Days
(Source: Wikimedia Commons)

WDC Turns Potential Disaster Turned Into Stock Price Victory

Western Digital Corporation (WDC) rose 24% over the 7-day period from June 23rd to July 1st to close out Monday at $49.65. The rise could have grown even greater as WDC started the trading day at $50.41. The giant leap is WDC’s best weekly performance in the public market since July of 2012. The San Jose, California-based company conducts its work in a business-to-business (B2B) manner by developing, manufacturing, and selling data storage and data center devices and solutions.

Week #26, 2019: Earnings Calendar

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