MU Yes, I'm also seeing a number of analysts turn more bearish on MU recently due to continued drops in Dram prices. I have also noticed that the newer DDR4 chips have been dropping faster than any. Today alone, dram exchange shows a drop of little over 2% in them. On the other hand, most of MU's chip sales are under contract and contract prices have been dropping less. DXI, an index of contract prices is down from a peak of 28000 last fall to 24,200 today. That is a substandtial drop, but let's not forget that the DXI hit a low of 6000 in the bottom of the last cycle back in 2016. They are still WAY above those levels. MU remains a money making machine at current levels.
I remember last summer when most all ofthe analysts had $80- $120 price targets on MU. They were wrong then. The question is are they wrong again now that they have turned more bearish??
I'm cautious, but at a SP under $40, I'm inclined to hold my shares and take my chances into earnings. As usual, I'm expecting lots of volatility. I may well add or sell based on which way it heads after earnings come out.
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