Why Micron can still 'shine' despite its downbeat earnings forecast

MarketWatch2021-09-29

Micron delivered a disappointing outlook for the November quarter, but analysts see promising dynamics ahead in 2022 Micron expects "record revenue with solid profitability" in the current fiscal year...

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精彩评论

Blading23
2021-09-30
Blading23
Read
- Blading23:
  comment
erichosk
2021-09-30
erichosk
Like pls
Jjjjia
2021-09-30
Jjjjia
Like pls
- erichosk:
  done
StarGalaxy
2021-09-30
StarGalaxy
[强]
KYBoo
2021-09-29
KYBoo
Goood
- KYBoo:
  good
- LimYH:
  great
stormlee
2021-09-29
stormlee
Pls like thk

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Micron Chief Executive Sanjay Mehrotra flagged that some PC makers were adjusting their memory and storage purchases given shortages of other components, but the company still expects \"record revenue with solid profitability\" in the current fiscal year that just began.\n\"Big picture, all 3 DRAM makers are willing to build inventory and contemplate slowing [capital expenditures], which gives us confidence that this correction will be short-lived and that [supply/demand] will be in balance or tight throughout all of CY22,\" wrote Evercore ISI's C.J. Muse, the analyst who liked Micron's prospects heading into 2022.\nMuse argued that investors will come to favor \"names where excess inventory is more easily understood\" and where companies have allowed for a \"reset\" of consensus estimates. \"In this environment, look for Micron to shine,\" he wrote, while maintaining an outperform rating and $100 price target on Micron's stock.\nRaymond James analyst Chris Caso took a similar view. \"Our take is that if the slowdown remains constrained to PC--and if PC doesn't get worse--we think the DRAM industry can maintain a healthy supply/demand balance,\" he wrote. \"Given the pullback in the stock, we think that creates a favorable risk/reward,\" with Micron shares trading at 7.5 times his new earnings-per-share estimates for fiscal 2022.\nCaso has a strong buy rating and $100 target price on the shares.\nRosenblatt Securities analyst Hans Mosesmann wrote that there continues to be \"unusually strong demand\" for PCs, such that the PC 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platforms in F22 should soak up any excess DRAM bits in stock.\"\nMicron shares have lost 12% over the past three months, the same time in which the S&P 500 has risen 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