Needham lowers its Micron target to nearly 80% upside [Seeking Alpha]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations:
investors.micron.com
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Source: Seeking Alpha
Needham lowers its Micron (NASDAQ: MU ) target from $100 to $80, a 79% upside to Friday’s close. Firm says that after Micron posted a stellar Q4, the company guided gross margins to decline Q/Q due to the China tariffs and some inventory adjustments. Needham thinks it will take Micron three to four quarters to resolve the issue, which is disappointing but largely out of Micron’s hands. The firm sees a healthy demand/supply balance for DRAM with bit growth of about 20% and demand driver growth of at least 30%. For NAND, cost reductions will take hold and demand will be greater than supply. Sources: StreetAccount/ StreetInsider . Micron shares are to $45.17. Previously: Micron drops after Q4 beats, NAND ASPs down, downside Q1 guidance (Sept. 20) Previously: WSJ: Intel responsible for Micron's rough guidance? (Sept. 21) Previously: Micron
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News
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MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/19/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- MU's page on the SEC website