Up 14% on Earnings, Hitting New Highs with March Gains of 29.27% – Still Undervalued?
After its earnings, the stock surged by 14.13%, continuing to set new highs. With a monthly increase of 29.27%, it outperformed both SPX and NVDA.
Curious about which stock this is? Let's find out!
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Looking ahead, I maintain my bullish stance on MU and intend to hold onto my shares as long as the fundamentals continue to support this thesis. With the company demonstrating strong financial performance and strategic advantages in the semiconductor industry, I anticipate further upside potential in the long term.
Congratulations to @Teoh9130 and @Kiwi Tigress for achieving returns of 14.81% and 11.93% respectively!👏👏👏
$Micron Technology(MU)$ will be paying a dividend of $0.12, representing a yearly dividend yield of 0.49%.
To be eligible for the dividend payment, you need to own shares of Micron on 03/28/2024. The payment will take place on 04/16/2024.
After the significant rebound following MU's earnings, how about current valuation?
Micron Technology is poised to benefit from the growing demand for AI infrastructure on top of the upswing in legacy servers.
The company's advanced memory and storage chips are in high demand, with 2024 HBM chips already sold out and 2025 nearing capacity.
HBM3E is expected to start being accretive in e2h24 as manufacturing scales. This growth should persist as more firms adopt AI infrastructure in the years ahead.
Some opinions suggest that this robust demand will strongly reflect in NAND and DRAM pricing advantages, creating strong momentum for revenue growth and profit margin expansion. The target price for MU is $197.77 per share (eFY25 EV/aEBITDA).
Can $Micron Technology(MU)$'s upward trend continue?
What is your target price?
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