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MU

Micron

$49.35

0.38 (0.78%)

07:02
09/10/19
09/10
07:02
09/10/19
07:02

Micron price target raised to $58 from $45 at KeyBanc

KeyBanc analyst Weston Twigg raised his price target for Micron to $58 from $45, while reiterating an Overweight rating on the shares. Barring a recession, the analyst expects memory trends to improve through 2020. Further, Twigg notes that Micron is well positioned to benefit from long-term drivers related to compute and storage, and views DRAM, which accounts for roughly 70% of Micron's revenue, as a likely healthier market than NAND over the long-run due to fewer competitors, high barriers to entry, and supply constraints related to scaling limitations.

  • 26

    Sep

MU Micron
$49.35

0.38 (0.78%)

08/12/19
SBSH
08/12/19
NO CHANGE
Target $30
SBSH
Sell
Citi keeps Sell on Micron, but thinks stock could reach $60 longer term
After hosting investor meetings with management, Citi analyst Christopher Danely keeps a Sell rating on Micron Technology with a $30 price target. The analyst believes the DRAM downturn last into the first half of 2020. However, longer term, he thinks Micron's earnings per share can get back to the peak of $11.74 and the stock could reach $60-plus.
09/04/19
MZHO
09/04/19
NO CHANGE
Target $50
MZHO
Buy
Mizuho boosts Micron target to $50, Western Digital target to $64
Mizuho analyst Vijay Rakesh raised his price target for Micron Technology (MU) to $50 from $44 and his target for Western Digital (WDC) to $64 from $61. The analyst reiterates Buy ratings on both names. His channel checks in the supply chain point to positive trends for NAND and DRAM. The checks show improving NAND pricing trends, customer concerns over supply stability into 2020 leading to increasing requests for long-term supply agreements in NAND, and flattish production bit growth in DRAM, Rakesh tells investors in a research note. He believes current NAND and DRAM pricing trends are better than expectations entering the second half of 2019.
09/04/19
DBAB
09/04/19
NO CHANGE
Target $55
DBAB
Buy
Micron shares will find support on easing DRAM price risk, says Deutsche Bank
Global trade tensions are shifting some of the bargaining power from memory buyers to memory suppliers despite "still-elevated" inventory levels, Deutsche Bank analyst Sidney Ho tells investors in a research note. Further, the impact of Japan-Korea dispute are not as bad as feared after multiple media outlets reported that Japan has approved two shipments of photoresists to South Korea, adds the analyst. Ho points out that DRAM spot prices spiked in July and have since retreated as expected, but are still ~10% above the June levels. He believes risks of further significant price declines are diminishing and sees Micron's fiscal Q4 as the "trough quarter" in the current cycle. Given that the equity market has historically led business fundamentals by about one quarter, Micron shares will find support at the current level, contends Ho. The analyst, who sees "risks to the upside as business improves," affirms a Buy rating on Micron shares with a $55 price target.
09/10/19
KEYB
09/10/19
NO CHANGE
Target $58
KEYB
Overweight
Micron Technology price target raised to $58 from $45 at KeyBanc
KeyBanc analyst Weston Twigg raised his price target for Micron Technology (MU) to $58 from $45 while keeping an Overweight rating on the shares. The chipmaker closed Monday up 16c to $49.13. The analyst's updated memory supply model suggests that supply remains well managed as memory producers wait for a demand recovery. Twigg is also seeing signs of tightening supply in some markets as demand elasticity for NAND kicks in, and as NAND and DRAM content loading in phones, PCs, and other devices continues to grow. The analyst expects both NAND and DRAM inventories to decline in the second half of 2019. Further, NAND pricing is likely to steadily increase through the second half and DRAM pricing is likely to stabilize by the end of the year, Twigg tells investors in a research note. He cites "increasing signs of stabilization" for his price target boost on Micron. The analyst keeps Sector Weight ratings on Seagate Technology (STX), Silicon Motion Technology (SIMO) and Western Digital (WDC).

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$NYE

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SONO

Sonos

$15.01

-0.065 (-0.43%)

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MRAM

Everspin Technologies

$6.52

-0.09 (-1.36%)

12:12
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SAIC

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ALNY

Alnylam

$86.18

1.5 (1.77%)

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SNPS

Synopsys

$137.26

0.09 (0.07%)

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TYL

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AAPL

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SNY

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