This summary was created by AI, based on 14 opinions in the last 12 months.
Experts are generally positive about Micron Technology's prospects, with mentions of its exposure to high bandwidth memory needed for AI applications, and its chips being sold out for most of fiscal 2025. Some experts are recommending trailing up the stop and maintaining discipline with targets achieved. Others are cautious about potential volatility but recommend adding at this point. Overall, the stock is seen to have good upside potential and a promising outlook.
Great opportunity to pick up 4 pillars. MU on the manufacturing, TSM for the foundry, LRCX or KLAC or ASML as the equipment suppliers, NVDA is a gift down here as a designer. And (he can't believe he's going to say this) even INTC; come 2025, it will be competitive with NVDA.
Growing for a reason, which is that exponentially increasing revenue because of demand for its product. Sweet spot for servers and GPUs. Technically, sat around 50-day MA for a while, can move aggressively after a breakout. Could see it continue to do well through July. Yield is 0.3%.
(Analysts’ price target is $163.88)In answer to the question comparing NVIDIA and Micron, he can't tell which one will outperform so you could buy both on a pullback. He considers them more of a trading type of stock. Be careful though - they have high momentum have the potential to be very volatile
When everything's going up together, makes it harder to differentiate on a technical basis. He compares stocks head to head using charts to see which are outperforming.
Right now, NVDA has been the highest ranked stock in US reports, and that's the one he holds. In Canada, CLS has been the highest-ranked stock, and his portfolios hold that as well. MU has been trailing a bit, but might catch up, hard to say.
Just yesterday, BAC listed it as one of its favourites, with a 12-month price target of $175. His own target is between $155-160. 2/3 of revenue is in DRAM, and that's why it's done so well, especially needed for AI.
Pretty fully priced. He's taken profits. You could probably look a little further down the food chain, perhaps at some of the equipment suppliers like ASML or ALAB.
(Analysts’ price target is $128.00)AI is in its infancy, major driver of profitability. Has come down with the market, so at a relatively good level. Lots of upside on fundamentals and technicals. The price target is $132, but could go as high as $150. This type of name should perform well in this phase of the market. Yield is 0.4%.
(Analysts’ price target is $132.67)Memory in chips is cyclical, boom/bust. Just came out of a prolonged down cycle. On the other side now. Exposure to high bandwidth memory, needed for AI applications. Chips are sold out for most of fiscal 2025 already. Yield is 0.4%.
(Analysts’ price target is $131.76)It is best for the storage component of AI. He likes the short term outlook and it has been getting traction so you could add at this point. It can be quite volatile.
Micron Technology is a American stock, trading under the symbol MU-Q on the NASDAQ (MU). It is usually referred to as NASDAQ:MU or MU-Q
In the last year, 17 stock analysts published opinions about MU-Q. 15 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Micron Technology.
Micron Technology was recommended as a Top Pick by on . Read the latest stock experts ratings for Micron Technology.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
17 stock analysts on Stockchase covered Micron Technology In the last year. It is a trending stock that is worth watching.
On 2024-07-26, Micron Technology (MU-Q) stock closed at a price of $109.44.
12-month target of $162.50. Buy a third here at $112, another around $108, and then $102. Both manufactures and designs. Was at $150, now at $112; could be a theme of today's show that a selloff provides great opportunities.