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 Forecast: I Know First Stock Forecasts Evaluation Report

MU Stock Forecast: Executive Summary

In this forecast evaluation report, we examine the performance of the Micron Technology stock forecast generated by the I Know First AI Algorithm for the MU stock with time horizons ranging from 3 days to 1 year, which were delivered daily to our clients. Our analysis covers the time period from 29 January 2019 to 29 March 2020. Below, we present our key takeaways for checking hit ratios of our MU predictions in the stock market.

Highlights:

  • 85% Hit Ratio for 1-year time period for MU stock forecast allowing our clients to be able to invest their money with significant less risk
  • Predictions consistently hit above 56% accuracy despite volatile market conditions

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MU Stock Prediction: Going Long With Micron

I Know First Research Team LogoThis article was written by the I Know First Research Team.

Summary:

  • Cautious buy rating for short to medium term but bullish in the long run
  • Oversupply of chips is still in recovery, declining prices are not alarming
  • Trade war and Ban on Huawei is unlikely to last for long
  • Unlikely that China’s local DRAM chip, Changxin Memory Technologies, will replace Micron

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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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    Quick Win By The Algorithm: MU Reaches $43 Price Target As Predicted By I Know First Analyst

    Stock Prediction Quick Win

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    MU Stock Predictions: Why The Contest Between AMD And Intel Is Good For Micron

    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

    MU Stock Predictions

    Summary:

    • The intensified showdown between AMD’s Ryzen and Intel’s 8th-Gen PC processors provokes people to buy new computer purchases or do upgrades.
    • Micron’s desktop and laptop DRAM sales benefits from a surge in new PC purchases and or upgrades.
    • DRAM contributes more than 60% of Micron’s revenue. PC DRAM prices continue to surge.
    • More people buying new PCs during surging DRAM prices are dual tailwinds for Micron.
    • MU has positive near, intermediate, and long-term algorithmic forecasts from I Know First.

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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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    Quick Win by the Algorithm: MU capitalize on Acquisition

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