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realfast95

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realfast95

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Thursday, 12/14/2017 8:24:44 AM

Thursday, December 14, 2017 8:24:44 AM

Post# of 3800
Deutsche Bank analyst Sidney Ho expects Micron (MU) to post another solid quarter and guidance when reporting Q1 results on December 19. The analyst believes continued DRAM pricing strength could lead to upside to his estimates. Ho attributes the recent weakness in Micron shares to nervousness around NAND pricing in 2018. He calls these fears misplaced. The analyst expects NAND average selling prices to decline throughout 2018 by 10%-12% per quarter, but feels this will be a reflection of cost improvements that suppliers are able to achieve, making the impact to margins limited. Ho keeps a Buy rating on Micron with a $55 price target.

today 12/14
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Volume:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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