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

September 9, 2021

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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MU Stock Forecast: Micron Deserves A 90-Day Price Target of $65

February 10, 2020
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 dipped more than 3% last Friday due to concerns over the new coronavirus outbreak in China.
  • In spite of this price decrease, MU still trades higher than $48.60. That was MU’s price during my last buy recommendation for it last September 26.
  • Micron’s new LPPDR5 for smartphones is now in mass production. Xiaomi’s Mi 10 and Mi 10 Pro will come equipped with Micron’s LPDDR5. Other 2020 phones will shortly follow.
  • LPDDR5 is 50% faster than LPPDR4x. It is also up to 30% more energy efficient. LPPDR5 will definitely become the new standard for smartphones and tablets this year.
  • In spite of the stock market’s anxiety over the new coronavirus outbreak, I Know First still is very bullish on Micron’s stock.

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MU stock forecast: Virtuous Cycle In Data Economy Helps Micron Surge, But Cyclical Risk Remains Concerning

June 21, 2018

 

The article was written by Yutian Fang, Financial Analyst at I Know First and Master of Science in Finance candidate at Brandeis International Business School

MU stock forecast: Virtuous Cycle In Data Economy Helps Micron Surge, But Cyclical Risk Remains Concerning

 Summary:

  • Micron holds very competitive positions in both DRAM and NAND markets after series of acquisitions
  • The latest quarterly report demonstrated Micron’s strong profitability but the future growth would be impacted by the market demand and pricing dynamics
  • The company enjoys outstanding operating efficiency and financial health
  • The cyclical risk is still one of the major concerns from market and the stock price need adjustment for the confirmative ascending channel
  • Supported by I Know First Algorithm Forecast, currently my recommendation for MU is to hold in the short term

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MU Stock Forecast: 45.99% Return In 3 Months

August 24, 2015

MU had a very strong signal of -98.40 and a predictability of 0.14. In accordance with the algorithm, the company reported short-term capital losses of -45.99%.

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

MU Stock Forecast

Algorithmic Performance

MU Stock Forecast: An Algorithmic Analysis

March 19, 2015

MU Stock Forecast

Micron Technology, Inc. (MU), based in Boise, Idaho, makes MU stock forecastdynamic random-access memory (DRAM), NAND flash memory chips, image sensors and other components, and memory modules. The stock was a huge winner in 2014, as the stock price increased nearly 60%, well above the average return for the S&P 500. However, the stock has struggled so far this year, with share prices falling more than 20%. The dip in the stock’s performance might not be done yet, either, as the company has forecasted lower than expected guidance for the current quarter, but a buying opportunity could present itself in the future for patient investors.

Algorithmic Performance