Micron Technology, Inc. stock forecast, All Rights Reserved, This is a BETA experience. Our dashboard What Factors Drove 10% Change In Micron Technology Stock Between 2017 And Now? December 27, 2018 By Micron's calendar, Q4 is the quarter we're in right now.) Their behavior has reflected that during this cycle: Both of Micron's Korean competitors, Samsung (OTC: SSNLF) and SK Hynix (OTC: HXSCL), have cut back on capital expenditures significantly along with Micron, shortening the duration of the cyclical trough and enabling all three to remain profitable during it. “First, we expect the data center outlook to remain healthy. This might include you though you may have invested money in these companies, or may have been working with one of them for years as an employee, or have consulted with them as an expert for a long time. Here’s a top quality portfolio to outperform the market, with 170% return since 2016, versus 55% for the S&P 500. Before it's here, it's on the Bloomberg Terminal. Will Micron Technology, Inc. stock price fall? Thus, the reason investors are selling Micron stock today: Q4 may look just fine. Term Box: 66.429 USD . It has outperformed the broader market year after year, consistently. You may opt-out by. Your current $100 investment may be up to $117.96 in 2025. * Our share forecasts and predictions are made by, Micron Technology, Inc. Forecast. representation, expressed or implied, is made as to their accuracy. MU forecast tomorrow, However, it also means it will be more difficult to bring supply online after cutbacks, which could make any price drop relatively shorter. We believe Micron’s Q4 results at the end of September will confirm the hit to its revenue. Can Micron's stock make you rich? Yet the current stock price, around $56, is still just 24.5 times this year's earnings estimates -- which should be the trough. This shift will continue hurting demand for Micron’s products in the medium term. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. expected to be around +17.96%. On December's conference call with analysts, management forecast EPS of $0.35 for the current quarter, plus or minus $0.06, while CEO Sanjay Mehrotra added, "Recent trends in our business give us optimism that our fiscal second quarter will mark the bottom for our financial performance, which we expect to start improving in our fiscal third quarter, with continued recovery in the second half of calendar 2020.". Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). From his time at. It's one of only three major producers of dynamic random access memory (DRAM), one of six NAND flash storage producers, and one of only two companies making a new type of memory called 3D Xpoint, which is only just being commercialized. Is Micron Technology, Inc. a profitable investment? Since mid-2018, a combination of large capacity additions and the destruction of demand due to the U.S.-China trade war has created a heavy oversupply that sent memory prices plunging. But here's the bad news: Zinsner noted that Q4 has one more week in it this year than last. When will Micron Technology, Inc. price drop? The only major gap in its storage technology portfolio is that it doesn't make hard disk drives, but those are an older (albeit cheaper) bulk storage solution, and NAND flash is displacing them in many applications. According to our analysis, this will not happen. supplement the information in these articles, special reports, and newsletters with independent research and other professional advice before investing in any security. With a mammoth market cap of $210.8 billion, Intel is the largest maker of semiconductors in the world. That was up from a previous forecast. Is this chipmaker a good bet for 2019? Meanwhile, its valuation is less than five times the earnings from its peak year of 2018. Micron shares are down 4.5% in response as of 1:40 p.m. EDT. @themotleyfool #stocks $MU, Micron Technology Just Announced an Important Technological Breakthrough, Got $3,000? from Micron Technology, Inc. technical analysis, It should also mark the bottom in both memory pricing and Micron's EPS. Register. Will MU price drop? However, Intel has come late to the mobile device party. Investors are overdue for a prolonged slump in share prices. Chart by Author. The average analyst expectation is for Micron Technology to post earnings growth over the next five years of 24.9%, on an annualized basis. provided as-is and does not represent personalized investment advice. year. Micron quells concern about customers stockpiling chips, Xilinx and Micron see rising demand from data center customers. These bumps include Brexit uncertainty; slowing growth in China; the unraveling of once-thriving emerging markets such as Brazil and Venezuela; a highly indebted global banking system; geopolitical adventurism by Russia; the U.S.-China trade war; continuing turmoil in the Middle East; and rising interest rates. Historical Analyst Doug Freedman kept his price target of $19 for Micron, but notes that lower chip prices may bring the stock down in 2014. He's spent decades following emerging business and technology developments. To be sure, the stock market has swooned in the latter part of 2018, but conditions remain in place for a technology sector rebound because inherently strong tech stocks have gotten oversold. Copyright © 2020 Investing Daily, a division of Capitol Information Group, Inc. All rights reserved. Some might say that this will drive heftier capital expenditures in the years ahead for Micron and its peers as they grow their operations, which may be true. Micron stock dived on the news Friday, pulling down several major semiconductor equipment stocks. The Silicon Valley stars touted on financial TV shows got way ahead of themselves, sporting nosebleed valuations destined for a fall. The U.S. trade war with China and the Trump administration’s actions against Huawei Technologies Co. continue to add to uncertainty, Micron’s CEO said on the conference call with analysts. • Second, we expect smartphone and consumer end-unit sales to continue to improve,” Micron Chief Executive Officer Sanjay Mehrotra said. That left the shares down about 9% so far this year, compared with a 5% gain by the Philadelphia Semiconductor Index. Moreover, Zinsner says fiscal Q1 2021 should be in the $5.4 billion range as well -- versus the $5.8 billion in revenue that Wall Street wants to see. Returns as of 11/12/2020. Despite political chaos in Washington, DC and concerns over rising interest rates, economic growth in the U.S. remains on track. In August, Micron became the first memory company to mass-produce DRAM chips using its 1z nanometer process, which offers the smallest feature size DRAM node in the industry. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk. Will MU stock price rise? What if instead you are looking for a more balanced portfolio? Nevertheless, Micron's share price is still below its all-time highs set back in mid-2018, and you would be hard-pressed to find a technology stock with a valuation this cheap currently. Returns as of 11/12/2020. Data source: Micron annual reports. Even that would be a 14% improvement over Micron's performance in last year's Q4, but it's only a 4% sequential improvement over Q3's $5.4 billion. Yes. As is usually the case, however, the outlook for storage and memory pricing in any given year is hard to predict, and sales of these components are also quite sensitive to broader economic conditions. greenie453 —