Added to YB: 2024-06-26
Pitch date: 2024-06-26
MU [bullish]
Micron Technology, Inc.
-34.11%
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 worldwide.
Market Cap
$145.1B
Pitch Price
$135.67
Price Target
158.80 (+78%)
Dividend
0.35%
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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