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This Week’s Stock Picks & BNN Top Picks Summary: MU-Q, MELI-Q and 22 Stock and 3 ETF Top Picks (Apr 26-May 02)A choppy yet flat ThursdayMixed TuesdayThis 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.
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.
Is -7% in the past month. The stock bottomed when the CEO said it would. He's more bullish than the CEO, and shares are going higher.
It can tread water and return to the high-$70s. If there's a PC refresh cycle this year, MU won't stay this long. But some now and more in the high-$70s.
They report Wednesday. This has a habit of shares running up till reporting, then it drops after reporting. If you can handle this volatility, buy some before, then after the report. Their prospects are directly tied to a winder economic expansion. Also, there's a new refresh cycle coming in PC sales.
He took profits and doesn't own it now. Are the king of DRAM, making up 66% of their business. Te stock has done very well. He's looking to get back at $62.
He sold a third of his holding. The king of DRAM semis. Likes it, but buy it cheaper. By the end of the year buy it at $60 then $55.
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, 11 stock analysts published opinions about MU-Q. 11 analysts recommended to BUY the stock. 0 analysts 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.
11 stock analysts on Stockchase covered Micron Technology In the last year. It is a trending stock that is worth watching.
On 2024-05-03, Micron Technology (MU-Q) stock closed at a price of $114.71.
We reiterate this maker of memory chips as a TOP PICK. It has just released a high capacity "monolithic" chip that is the first of its kind for critical applications with AI and machine learning. It trades at 15x earnings and under 3x book value. We like that quarterly cash reserves remain stable as they aggressively retire debt. We recommend trailing up the stop (from $82) to $101, looking to achieve $134 -- upside potential of 19%. Yield 0.4%
(Analysts’ price target is $133.50)