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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