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-0.000491735068275506 -0.000340431970344498 -0.000188372356924026 -0.000416083519310109 0.000643038166206513 0.00434996406551416 0.0114233838937852 0.00782993531792561
Stock impact report

Micron Technology Stock Has 37% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Some investors are concerned about weakness in key markets where Micron supplies its memory and storage products. However, Citigroup 's analyst still sees solid fundamentals in Micron's business. The firm recently maintained a buy rating on the shares with a $150 price target, representing upside of 37% from the April 22 closing price of about $109. Here's why the analyst believes the stock can move higher within the next year or so. Demand for AI servers is a major growth catalyst In its recent earnings report, Taiwan Semiconductor Manufacturing noted soft demand trends in some of the markets that Micron depends on for revenue. But weak demand in PCs, smartphones, and traditional servers didn't prevent Micron from reporting strong growth last quarter. Micron's revenue jumped 58% year over year in its fiscal 2024 second quarter (ended Feb. 29). The company's outlook calls for improving selling prices for memory and storage chips this year. Management also expects to achieve Show less Read more
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