The MU stock forecast was written by Motek Moyen ResearchSeeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary
Micron’s stock has risen +43% since my June 20, 2020 buy recommendation for it. I am again endorsing it as a buy. MU is still relatively undervalued.
Micron’s SGRAM memory products are key to Nvidia and AMD’s discrete GPU business. The discrete GPU business is growing at 33.6% CAGR.
The Piotroski score of MU is 8. Micron is a safe long-term investment.
Micron is expanding into the fast-growing $13.7 billion data center accelerator market. The scalable Micron AC-511 compute module product is very promising.
The Micron stock forecast was written by Motek Moyen ResearchSeeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary
In spite of the 3-month price slide of -12.18%, Micron’s stock is still +46.7% since my July 28, 2020 buy recommendation.
Work-from-home and learn-from-home are still the new normal. More infectious variants of COVID-19 renew the pandemic tailwind for Micron.
Nascent Chia cryptocurrency mining is a very promising tailwind for Micron.
Windows 11 is a solid tailwind for the server and PC DRAM industry.
The low-margin-on-hardware smartphone success of Xiaomi and BBK Electronics is also beneficial to mobile DRAM vendors like Micron.
The article was written by Motek Moyen ResearchSeeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary
My May 13 Micron stock forecast earns a buy recommendation as MU stock has shot up from $43.53 to $51.59.
I still rate MU as a buy, and I reiterate my $65 1-year price target for it. There’s still 5 months left that could compel investors to again be more optimistic on Micron.
The worsening COVID-19 in America, India, and other parts of the world convinced me that the new normal of work-from-home, learn-from-home is a big tailwind for MU.
TMicron reported Q3 outstanding numbers last May. I expect it to do the same for Q4. No thanks to COVID-19, I expect MU’s Q4 revenue to reach as high as $6.3 billion.
Storage and RAM products for the data center market are obviously higher-priced/higher-margin tailwinds for Micron.
The article was written by Motek Moyen ResearchSeeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
Micron’s stock is down -21.23% from its 52-week high of $61.19.
The predictive algorithm of I Know First still gives a super bullish one-year forecast score of 339.66 for MU.
The technical indicators-centric artificial intelligence platform of WalletInvestor has a one-year price target of $64.878 for Micron’s stock.
My one-year price target for MU stock is $65. This is due to tailwinds from gaming smartphones/computers and increased need for data center storage and RAM.
No thanks to COVID-19, work-from-home is the new normal even after most countries lift their quarantine and travel bans.
The article was written by Motek Moyen ResearchSeeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
In spite of the recent report that Innotron has started mass production of 10nm LPDDR4 DRAM in China, I Know First is still super bullish on Micron’s stock
Innotron or Hefei ChangXin is a state-owned company operating in China that aims to disrupt the DRAM market currently dominated by Samsung, SK Hynix, and Micron
A careful analysis convinced me that Micron and other current leaders in DRAM production has nothing to fear from Innotron
I am highly confident that Innotron or Hefei ChangXin will only sell its DRAM products inside China
Innotron will not dare sell outside China because Micron, SK Hynix, and Samsung can sue it for patent infringement. No Chinese company has original IP/patents on DRAM design.
Winning Stock Forecast: Western Digital Rises 24% in 7 Days
(Source: Wikimedia Commons)
WDC Turns Potential Disaster Turned Into Stock Price Victory
Western Digital Corporation (WDC) rose 24% over the 7-day period from June 23rd to July 1st to close out Monday at $49.65. The rise could have grown even greater as WDC started the trading day at $50.41. The giant leap is WDC’s best weekly performance in the public market since July of 2012. The San Jose, California-based company conducts its work in a business-to-business (B2B) manner by developing, manufacturing, and selling data storage and data center devices and solutions.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
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