Micron Technology shareholders can’t wait for 2015 to be over. The stock has dropped 58.9 percent this year, but investors are hoping that the company will finish the year with a bang when it reports earnings on December 22.
Here’s a look at what three Wall Street firms have to say about Micron ahead of earnings.
Barclays
Analyst Blayne Curtis sees continued weakness in DRAM pricing in 2016, but is optimistic that Micron can continue its transition into a more stable, profitable and valuable business.
“Net net, while the story is pushed a bit to the right, this is well understood given the recent sell off and we still see value here given the overall maturation of the memory industry (still making money at the bottom), MU’s improving relative positioning (ramp of 20nm DRAM and 3D NAND), and attractive value (just 7x our new CY17 EPS),” he explained.
Barclays maintains an Overweight rating on Micron and a $20 price target for the stock.
Morgan Stanley
Analyst Joseph Moore also recently turned…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!