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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    Micron Technology Stock Forecast : 13.61% Gain In 30 Days

    Micron Technology Stock Forecast : 13.61% Gain In 30 Days

    Since the forecast was made on October 23rd, 2014, Micron Technology stock has increased 13.61%. Micron Technology has positive investment measures, including robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and expanding profit margins. Since the same time last year, the return on equity has increased, signaling significant strength within the corporation. This factor, along with a 45.85% gross profit margin, also considered to be strong, mean Micron Technology stock should continue to increase even though it has already increased

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