Is Micron Stock a Buy Ahead of FQ2 Earnings? This Is What You Need to Know

TipRanks2021-03-31

Micron (MU) will be showing off its second fiscal quarter earnings for 2021 tomorrow, and Deutsche Bank analyst Sidney Ho is exceedingly confident ahead of the print.At the start of the month, Micron ...

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Comments

PJoo
2021-03-31
PJoo
Agree. Memory are going up because of Cloud demand. Buy!
Ronchan
2021-03-31
Ronchan
Yes it is I bought more during the recent dip...
CherryPang
2021-03-31
CherryPang
Yes go go go up
jac_tb
2021-03-31
jac_tb
$110 target. Let's go!
Clc2
2021-03-31
Clc2
Hmmm
- RBeaver:
  Buy
Yandaoxiang
2021-03-31
Yandaoxiang
Of cuz buy

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This Is What You Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-31 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/micron-stock-buy-ahead-fq2-224954746.html><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Micron (MU) will be showing off its second fiscal quarter earnings for 2021 tomorrow, and Deutsche Bank analyst Sidney Ho is exceedingly confident ahead of the print.At the start of the month, Micron ...</p>\n\n<a href=\"https://finance.yahoo.com/news/micron-stock-buy-ahead-fq2-224954746.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MU","symbol_name":"美光科技","start_time":0,"source_url":"https://finance.yahoo.com/news/micron-stock-buy-ahead-fq2-224954746.html","article_id":"2123489792","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/thgx_ouCsMxAsb2XxOhG7A--~B/aD00NTE7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://s.yimg.com/uu/api/res/1.2/LTN3eM4c1DRhvyNylu5FaA--~B/aD00NTE7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/tipranks_452/9818f057dd4a83e1679da06d478ab62c"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/micron-stock-buy-ahead-fq2-224954746.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2123489792","pubTimestamp":1617158994,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Micron (MU) will be showing off its second fiscal quarter earnings for 2021 tomorrow, and Deutsche B","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MU":"美光科技"},"translate_title":"美光科技是否会在第二财季盈利前买入？这就是你需要知道的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MU":0.9},"content_text":"Micron (MU) will be showing off its second fiscal quarter earnings for 2021 tomorrow, and Deutsche Bank analyst Sidney Ho is exceedingly confident ahead of the print.At the start of the month, Micron boosted its F2Q guidance from the prior revenue and EPS estimates of $5.6 to 6.0 billion and $0.68-0.82, respectively, to $6.20 to 6.25 billion and $0.93-0.98.Additionally, the company also raised its gross margins forecast from the prior guidance of 30-32% to the 32-33% range. And while FCF may remain negative for the quarter, it is expected to come in better than previously anticipated.Ho’s F2Q estimates are in line with the revised guidance and call for revenue of $6.24 billion and EPS of $0.96.“We do not expect meaningful variations from the guidance range,” the 5-star analyst noted. “Based on management commentary, we expect strong results in both DRAM and NAND in the quarter, with DRAM driving more of the upside vs. original guidance on strong pricing and bit growth.”Looking ahead, Ho thinks that due to the “continued positive market environment in both DRAM and NAND,” there’s a possibility the strength in memory pricing could once again drive sales beyond previous estimates.“On the DRAM side, management commentary and industry checks suggest that market supply will remain tight, which could drive upside to our expectations for a +5% increase in ASPs (average selling price) q/q,” Ho said.And while the environment for NAND hasn’t been quite as robust, Ho says industry checks indicate “certain SSD SKUs increasing ASPs by ~5% in C2Q.”The result of which could be that Ho’s forecast for NAND ASPs to drop by 2% sequentially in F3Q could also end up being on the cautious side.So what’s the upshot for investors? Ho is sticking to his Buy rating and $110 price target on the stock. Investors could be pocketing gains of 27%, should Ho’s thesis play out accordingly over the coming months. (To watch Ho’s track record, click here)Is the Street on the same side as the Deutsche Bank analyst? Absolutely. MU’s Strong Buy consensus rating breaks down into 23 Buys and just 3 Holds. The average price target comes in at $115.59, and implies possible upside of ~34%. (See Micron stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":354614209,"gmtCreate":1617166246001,"gmtModify":1704696693130,"author":{"id":"3572863479502236","authorId":"3572863479502236","authorIdStr":"3572863479502236","name":"PJoo","avatar":"https://static.tigerbbs.com/c1df329f4341646fc633446858d34c31","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572863479502236"},"htmlText":"Agree. Memory are going up because of Cloud demand. Buy!&nbsp;<a href=\"https://laohu8.com/S/MICR\"></a>","listText":"Agree. Memory are going up because of Cloud demand. Buy!&nbsp;<a href=\"https://laohu8.com/S/MICR\"></a>","text":"Agree. Memory are going up because of Cloud demand. 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Let's go!&nbsp;","listText":"$110 target. Let's go!&nbsp;","text":"$110 target. Let's go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354638406","repostId":2123489792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":354691657,"gmtCreate":1617164259279,"gmtModify":1704696660314,"author":{"id":"3574567062675330","authorId":"3574567062675330","authorIdStr":"3574567062675330","name":"Clc2","avatar":"https://static.tigerbbs.com/80838f8bfa83dda6b2b71ab122d80561","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3574567062675330"},"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354691657","repostId":2123489792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3927654,"gmtCreate":1617165075005,"gmtModify":1680782400712,"authorId":3571573518430699,"author":{"id":3571573518430699,"authorId":3571573518430699,"name":"RBeaver","avatar":"https://static.tigerbbs.com/c8dfd9e9b5a26e0a8d752c4ae3fe2f57","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":354691657,"type":1,"supId":0,"prevId":0,"content":"<u>Buy</u>","text":"<u>Buy</u>","html":"<u>Buy</u>"}],"langContent":"EN"},{"id":354606346,"gmtCreate":1617163435185,"gmtModify":1704696649377,"author":{"id":"3572095880096095","authorId":"3572095880096095","authorIdStr":"3572095880096095","name":"Yandaoxiang","avatar":"https://static.tigerbbs.com/6330cd1176a93a8c564f8047fd53d835","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3572095880096095"},"htmlText":"Of cuz buy","listText":"Of cuz buy","text":"Of cuz buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354606346","repostId":2123489792,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":56,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2123489792"}