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Micron Technology, Inc. (MU)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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58.78+0.34 (+0.58%)
At close: 04:00PM EDT
58.80 +0.02 (+0.03%)
After hours: 06:37PM EDT
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  • n
    niko
    BMO trims earnings target by $30… 26%.
    🤔
    MU current level $57….cup half full half empty or does the cup have a leak.
    Average of calls now just over $100 that’s the 12 month view.
    Even if you award MU its current PE of about 7 on current earnings, in other words you say forward earnings is about $10 not the projected $12 plus. PPS would be $70-75 current and forward.
    So what’s the problem?
    Book value is $43, that’s the liquidation value of the assets. Is a business that generates $25-$35B in gross revenues and nets $10B annually worth $15B?
    Could be less soon…?? But even if it rises to $75 a share. Is the business valuation set at asset valuation plus annual projections?
    Sure looks like it and imo something isn’t right with this stock ….. very very long term.
  • J
    Jazenevc
    Maintained as Outperform at BMO, although target price reduced from $115 to $85.
  • H
    Hugh
    Niko it doesn't ,matter. The macro forces of the market come and go, the ultimate share price is determined by the balance sheet of the company, ITS EARNINGS AND PROJECTED EARNINGS. With Mu ITS SIMEPLY GETTING BETER AND BETTER.
  • b
    billyray
    160 stock trading at 60
  • c
    chris
    the fact that they change the target prices 2 days before the results makes me very thoughtful
  • B
    Bubba Bo Bob
    Looking for opinions on the affect of the "Russian Default" on the US/Global market picture.

    On one hand, it looks like a "manufactured" default for headline purposes, with the likelihood of no real affect on world markets (Russia not really broke). On other hand, I remember the effect of national defaults during 08/09 fiasco, which was deep and widespread panic.

    Is this just a toot in the wind or the tip of the iceberg? What y'all thinks?
  • S
    Simon
    They used the same excuse for years to push down MU stock and their theory of demand slowing never happened.
  • J
    Jazenevc
    From Forbes article yesterday “Micron Is The First With Strictest DDR5 Automotive Certification And 1.5TB MicroSD Sampling”.
    Start of quote
    Micron has made three announcements within its embedded portfolio and ecosystem expansion that addresses data at the edge within the industrial and automotive markets. The first is the launch of the world's first high-capacity 1.5TB microSD available for sampling to customers. Micron is also announcing the first International Organization of Standardization (ISO) 26262 Automotive Safety Integration Level (ASIL) D certification of memory for its LPDDR5 DRAM. Micron is also adding embedded and edge computing module providers congatec and PHYTEC to its Industrial Quotient (IQ) partner program. Let's dive into these announcements and what it means for the competitive edge.
    End of quote
    There are many specific technical details in the article, highlighting these technological achievements. The article is very positive on the company position in the industry.
  • D
    Darren
    Cramer says it’s going down… analysts downgraded = more likely to fly high 😆🌝
  • n
    niko
    Protect yourselves with puts.
    .30 will get you reasonable protection for Friday.
    GLTA
  • H
    Highlowsel
    You have to wonder don't you? BMO Capital has decided to maintain its Outperform rating of Micron Technology (NASDAQ:MU) and lower its price target from $115.00 to $85.00.

    You have to wonder at the wide adjustment on PT's these analytical types do. And they seem to do it routinely not just with the likes of MU, but all across the market. You have to wonder if they know what in the hell they're doing? Or are they just rousting the herd to a self-interested end?

    Meanwhile, bid $59.17.
  • n
    niko
    Well the proverbial cat is out of the bag.
    Guidance may not be what the bulls will be looking for and by the reaction of the recent analyst action they already in the know.
    Not surprised by several measures.
    The setup is ominous.

    Hoping for the 20 DMA before earrings.
    GLTA
  • Y
    Ykp
    This feels same movie as we have seen few yrs ago, when mu ran up to $60’s and all analysts started lowering pt from avg 90-100’s slowly to $40’s . Started following analysts from ubs; a only one that had this pt in 20-30’s . Eventually mu got to $30’s
  • D
    Dom
    $SGH will provide good insight for memory market reporting one day prior to $MU earnings.
  • Y
    Ykp
    Oversold but what do I know. Bad er mu goes down deep and good er mu down in red. Just need to be patient.. right.. lol
    At least $120 plus stock; we will see that soon!
  • W
    Wererabbit1
    These guys missed 1 quarter in 5 years. Maybe they are not AMD or NVDA, but they are by far the most affordable. By far, the better buy at this price, and I love AMD and NVDA. But MU is a better buy.
  • V
    VR
    Analysis estimates are still at $12.36 for next year.... what am I missing
  • Y
    Ykp
    What’s left I’m staying long!
  • H
    Hugh
    Good bye James your out of touch,. Not the same company is was 30 years ago.
  • J
    Jazenevc
    The immediate reaction of the market to the company's earnings report next Thursday will depend on market’s general mood next Friday. By any stock-related considerations, valuations, etc., the current share price does not correlate with the company's earnings, including any possible number next week. The correlation will be restored, when the market regains minimum amount of normalcy. The latter will inevitably come.