Micron Stock Forecast: Why Micron Is Still A Worthy Investment

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:

  • With stronger factory production available, average selling prices of DRAM and NAND flash is down this year.
  • On the other hand, the increasing default RAM and flash storage of new smartphones and computers is still a strong tailwind for Micron.
  • More RAM and flash storage are needed because smartphones now can play PC-level video games. Smartphones are now also decent HD video camcorders.
  • The higher margins possible on 8GB/12GB RAM modules helps offset the lower spot prices of RAM.
  • Micron is an industry leader in DRAM and NAND storage products. Sadly, it is still being undervalued compared to its semiconductor industry peers.

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Micron Technology Stock Forecast: NAND and DRAM Prices Maintained High

   


This article was written by Kwon Sok Oh, a Financial Analyst at I Know First.    




Summary

  • Micron Achieves Record Revenue for FQ3 2018

  • Average Sales Price for NAND Maintained

  • AI Applications are Driving DRAM Growth

  • DCF Model Suggests MU is Currently Underpriced

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

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