MU Stock Forecast: Micron Is Still Relatively Undervalued And DRAM Prices Will Remain High
The 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. Micron Is Still Relatively Undervalued And DRAM Prices Will Remain High
Summary:
- I made a buy recommendation for Micron last August 22. The stock has since returned +21.48%.
- I previously expected MU to breach $35 before 2017 ends and it already happened. It posted a new 52-week high of $36.60 this week.
- Micron is still a buy. This company’s stock is still relatively undervalued compared to its sector/industry peers.
- This DRAM/NAND company will report its Q4 earnings on September 22. I expect it to beat street estimates.
- I expect MU’s upward market trend to continue well into 2018. I Know First has very bullish near and long-term algorithmic forecasts for this stock.
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September/October reports show EPS at $1.26 per share- Exclusive insight on possible M&A deal
- Based on our fundamental analysis and strategic algorithm forecasts we maintain a bullish view on Micron Technology
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MU Stock – Quick Win: Timely Sell Signal on MU
MU Stock
MU had a signal of -3.63 and a predictability of 0. In accordance with the algorithm, the company reported short-term capital losses of -19.66%. MU was part of the stock forecast that is found in the “Best Tech Stocks” Package. The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:- Top ten stocks picks to long
- Top ten stocks picks to short
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