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Micron (MU) Benefiting from Systematic, Structural Changes in Memory - Needham & Company
June 21, 2018 10:54 AM EDTNeedham & Company reiterated a Strong Buy rating and $100 price target on Micron Technology (NASDAQ: MU).
Analyst Rajvindra Gill commented, "We are reiterating our Strong Buy and $100 PT following another beat/raise quarter. Micron is benefiting from systematic, structural changes occurring in the memory... More
Micron Technology (MU) PT Raised to $80 at FBN Securities
June 21, 2018 10:40 AM EDTFBN Securities raised its price target on Micron Technology (NASDAQ: MU) to $80.00 (from $75.00) while maintaining an Outperform rating.
Analyst Shebly Seyrafi commented, "The company reported a strong FQ3, with revenue of $7.8B growing by 40% Y/Y and coming in 1% above consensus. DRAM revenue growth of 56% Y/Y remains robust and is helped by strong ASP increases (up mid-30s%) countered by a deceleration in bit growth to mid-teens% (vs. a difficult comparison). The improved DRAM ASP helped drive... More
