Added to YB: 2024-06-26
Pitch date: 2024-06-26
MU [bullish]
Micron Technology, Inc.
+78.68%
current return
Author Info
@smantel is an ex-sell side analyst with a focus on fundamental research. Follow him on Twitter.
Company Info
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.
Market Cap
$266.3B
Pitch Price
$134.96
Price Target
158.80 (-34%)
Dividend
0.19%
EV/EBITDA
14.78
P/E
31.25
EV/Sales
7.22
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Micron Technology: Strong Q4 Expected, Risks and Rewards Analyzed
MU: Strong Q4 beat & raise expected. Likely $15-$20 upside, new 52wk high. Risks: High capex limiting FCF, market share expectations, 11-12.5% implied move, high expectations on all metrics, potential Samsung HBM yield improvement. Up 2x $SMH YTD. Long, but keeping powder dry for dips. 100% confident in buying dips.
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