Micron Technological innovation, Inc. (NASDAQ:MU) – Micron Technology’s Chance-Reward ‘Skews Constructive,’ Goldman Sachs States In Bullish Flip


The ongoing weakness in DRAM and NAND pricing is most likely to be brief-lived, and Micron Know-how, Inc. (NASDAQ: MU) appears to be effectively-positioned to continue executing on its tech transitions, according to Goldman Sachs.

The Micron Technologies Analyst: Toshiya Hari upgraded Micron Technological innovation from Neutral to Invest in with an unchanged $58 price goal. 

The Micron Technological innovation Takeaways: Recent business checks recommend a likely restoration in DRAM need in the back fifty percent of the year, supported by seasonal energy in smartphones and pull-ins from Huawei, Hari explained in the Monday up grade be aware.

For both DRAM and NAND, the analyst forecast “muted supply progress going ahead,” with demand from customers expansion outpacing provide development in 2021.

“MU has underperformed the SOX/SPX by 17pp/15pp about the past 3 months, which to us, suggests that the near-time period pricing dynamics are properly-understood by the sector.”

The stock’s possibility-reward “skews constructive,” he said. 

“We consider indicators of supply willpower on the aspect of the memory suppliers and price tag stabilization will provide as opportunity catalysts for the inventory.”

MU Price tag Action: Shares of Micron Engineering ended up investing 7.09% greater at $49.36 at past check Monday. 

Latest Ratings for MU

Date Firm Action From To
Sep 2020 Goldman Sachs Upgrades Neutral Invest in
Aug 2020 B of A Securities Maintains Invest in
Aug 2020 Deutsche Bank Downgrades Purchase Keep

Check out More Analyst Ratings for MU

Perspective the Most current Analyst Rankings

© 2020 Benzinga.com. Benzinga does not deliver financial investment information. All legal rights reserved.

Next Post

Expertise & Companies Funding Banking

Computer expertise combines the hardware of computers and computer-managed gadgets with software—working techniques, authoring tools, expert systems and courseware—to help coaching expertise. The Apple Watch would wish better battery life for sleep tracking. Computer engineering students will examine concepts in computer science, engineering and mathematics. For areas like Internet Design […]

You May Like