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

      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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    Winning Stock Forecast: Micron (MU) Up 78.5% and On the Path to Success Despite Staggering Stock Prices

    Winning Stock Forecast: Micron (MU) On the Path to Success Despite Staggering Stock Prices

    [Source: Wikimedia Commons, May 15th, 2018]

    “Near-term conditions are in fact exceptional, and the exceptional cloud spending that has driven such conditions seems likely to persist. So, our ‘stronger for longer’ thesis remains intact.”

    –Morgan Stanley Analyst Joseph Moore

    Micron Technology is nearing a potentially big breakout, one that may result in shares jumping by nearly 15%, to roughly $61.50, from its current price around $53.50. Over the past 12 months, Micron Technologies stock has risen from its original price of $28.90 to $51.80, jumping a whopping

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