Market Capitalization: 66 736 570 000 $

EBITDA: 14 205 000 000 $

Price to Earnings: 10.42

Quarterly Earnings Growth YOY: -0.432

Quarterly Revenue Growth YOY: -0.469

Trailing PE: 10.42

Forward PE: 454.55

Shares Outstanding: 1091180000

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Micron Stock Buy or Sell? MU Stocks Analytic Forecasts

Micron Stock Buy or Sell? MU Stocks Analytic Forecasts

April 1, 2023 (05:14)

Micron Technology, Inc. (MU) Sector: Technology

We present you the most up-to-date and complete review of analytical trend forecasts and views on the MU stock market. Experts share their opinions on what to expect from the Micron Technology, Inc. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell Micron stocks.

Micron Technology, Inc. Stock Market Experts’ Analysis and Forecasting – Sell or Buy MU Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of The Value Portfolio and is titled

“Micron Is Grossly Overvalued With No Room For Error”

is published on March 31 (2023) and has 4 likes. The review predicts Bullish market trend.

It summarize the following theses:

Micron Technology is suffering from a classic commodity market downturn, with a significant impact on prices. The company has high capital requirements, which devastate profits.
Micron has suspended buybacks after purchasing billions above the current price. What’s remaining is a token dividend of less than 1% and no net cash position.
We believe that Micron’s estimate that the downturn will end in the next few quarters is optimistic in light of other macroeconomic risks and Samsung’s goal to increase market share.

The author starts his analytic review with the following:

Micron Technology, Inc. (NASDAQ:MU) remains an almost $70 billion company despite a devastating quarter. Despite being a high-tech company, the company remains fundamentally susceptible to the commodity nature of the technology markets. As we’ll see throughout this article, Micron remains heavily overvalued, especially with continued macroeconomic risk.

Proceed to the article

This author is very popular among the auditory. He has 30013 followers

The Value Portfolio is the contributor of experts community since 2015 and has a great number of published articles – 1449.

One more noteworthy article is written by Tech Stock Pros under the title

“Micron: Headed North As DRAM Dynamics Improve”

on March 31 (2023) and has 1 likes. The expert reflects Bullish trend of the market.

Нis theses make you think about whether to add MU stocks to your investment portfolio or not, and helps to work out your own Micron stock selling strategies:

We continue to be bullish on Micron for long-term investors.
We expect DRAM industry demand-supply dynamics to come into balance towards the end of 2H23, improving Micron’s financial performance.
Still, we expect continued soft demand in NAND markets due to the weaker end-market demand for smartphones and PCs.
Micron stock remains relatively cheap, trading at 3.7x EV/C2023 sales versus the peer group average of 5.3%.
We continue to see favorable entry points for long-term investors at current levels, as we expect the stock to outperform further towards 2024.

Tech Stock Pros starts analysis with such words:

We remain buy-rated on Micron (NASDAQ:MU), seeing favorable entry points for long-term investors at current levels. We expect DRAM industry demand-supply dynamics to come into balance towards the second half of the year. We see MU stock rallying towards FY2024 – the stock is up 13% since we upgraded it to a buy in late October, outperforming the S&P 500, which is up 4% during the same period. Over the past year, MU is down 13%, while the S&P 500 is down nearly 23%. The following graph outlines MU stock performance compared to the S&P 500.

Read the whole review

The opinion of the author can be considered quite authoritative.
The number of 6449 followers confirms this.
Tech Stock Pros is the contributor of experts community since 2020. Has already published at least 244 articles.

Another analysis presented by Deep Tech Insights came out on March 29 (2023). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for MU stocks. It sounds like

“Micron: An Undervalued And Overlooked AI Opportunity”

Article has got 4 likes at the moment and forecasting Bullish trend of the market.

Summarizing the information presented in the review concerning the Micron Technology, Inc., the expert says the following:

Micron is the fourth largest supplier of DRAM, which is an essential component of PCs and data centers, and it is even used inside Nvidia’s leading GPUs.
The company reported a top and bottom line miss for Q2, FY23 which has been driven by the cyclical downturn in the industry.
A positive is its cloud revenue looks to have bottomed out and its mobile business reported solid revenue growth of 44% sequentially to $945 million in Q2, FY23.
Micron seems to be overlooked by the market as an “AI stock” despite AI servers using up to eight times more DRAM when compared to traditional servers.
Micron is poised to benefit from the CHIPS act with a $40 billion plant in the U.S. expected to be built by 2029.

And here, what comes first:

Micron (NASDAQ:MU) is the fourth-largest semiconductor company in the world and the third largest supplier of DRAM or Dynamic Random Access Memory. This is an essential component for all computers, from your average PC to data center computing infrastructure. Therefore, as the world continues to become more digitized, Micron is poised to benefit. In fact a study by McKinsey forecasts the semiconductor industry to reach a value of $1 trillion by 2030. The industry is going through a major downturn right now, but history suggests this is cyclical by nature. Micron also is expected to benefit from the growth trends in the AI industry. According to Micron’s management, an average AI server uses up to eight times as much DRAM content and three times as much NAND (Micron’s other major product) than a traditional server. Therefore Micron is in a strong position to benefit, which the market doesn’t seem to have digested, as its stock price is down over 39% from its high in January 2022. In this post, I’m going to break down the recent financial results for Micron, before diving into the industry trends and my valuation and forecasts for the stock, let’s dive in.

The opinion of the author can be considered quite authoritative.
The number of 5644 followers confirms this.
Deep Tech Insights is the contributor of experts community since 2022. Has already 360 analytic reviews published.

The Share Price of Micron Technology, Inc. (MU) for now

What analysts predict: $64.97

52-week high/low: $85.58 / $48.24

50/200 Day Moving Average: $58.79 / $57.14

The average stock price over the previous 50/200 days. For Micron stocks, the 50-day moving average is the resistance level for now. For MU stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for MU stock with charts and tables