Tag: Analyst

Analyst Says Micron Technology Stock Now Has 20% Upside

Are Micron Technology (NASDAQ:MU) shares about to rise by nearly 20%? Analyst Sidney Ho of Deutsche Bank thinks so; he upgraded his recommendation on the stock from neutral to buy, with a $60 per share price target (the company’s most recent closing level was $50.68).

Ho believes that while the market for the DRAM, or dynamic random access memory, chips that the company specializes in will hit a low in the fourth quarter of this year, a rebound is in store. In his view, recent data indicate that demand for such products has risen in both the mobile and PC

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Micron Technology, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

As you might know, Micron Technology, Inc. (NASDAQ:MU) just kicked off its latest third-quarter results with some very strong numbers. Micron Technology beat earnings, with revenues hitting US$5.4b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 11%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. We’ve gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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