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Citi Remains Bullish On Micron Given Bottoming Process Well Underway

Citi Remains Bullish On Micron Given Bottoming Process Well Underway

鉴于筑底过程正在顺利进行，花旗仍看好美光
Benzinga Real-time News ·  2022/09/28 14:37
  • Micron Technology, Inc (NASDAQ:MU) will release 4Q22 results on September 29 after the market close, Citi analyst Christopher Danely highlighted.
  • He expects the company to print and guide below the consensus due to excess DRAM inventory and lower demand.
  • Also Read: Rosenblatt Sees Micron's 2023 Setup As Positive; Expects Stock Price To Double
  • He expects DRAM pricing to decline until 1Q23, though we expect the downturn offset by Capex cuts which set the DRAM industry up nicely for a rebound in 2023 no matter how lousy demand is.
  • He trimmed his estimates and reiterated a Buy rating as he believes Micron is exhibiting three signs of a bottom of lower Capex, trough valuation, and most of the downside in consensus estimates.
  • Price Action: MU shares traded lower by 0.02% at $50.57 on the last check Wednesday.
  • He trimmed his estimates and reiterated a Buy rating as he believes Micron is exhibiting three signs of a bottom of lower Capex, trough valuation, and most of the downside in consensus estimates.
  • Price Action: MU shares traded lower by 0.02% at $50.57 on the last check Wednesday.
  • 美光科技公司(纳斯达克：MU)将于9月29日收盘后发布4Q22财报，花旗分析师克里斯托弗·丹尼利强调。
  • 他预计，由于DRAM库存过剩和需求下降，该公司的印刷和指南将低于共识。
  • 另请阅读： 罗森布拉特认为美光2023年的安排是积极的；预计股价将翻一番
  • 他预计DRAM定价将下降到2023年第一季度，尽管我们预计资本支出削减将抵消DRAM定价下降的影响，这将为2023年DRAM行业的反弹奠定良好基础，无论需求多么糟糕。
  • 他下调了自己的预期，并重申了买入评级，因为他认为美光正显示出三个迹象，即资本支出触底、估值触底以及普遍预期的大部分下行空间。
  • 价格行动：在周三的最后一次检查中，MU的股价下跌了0.02%，至50.57美元。
  • 他下调了自己的预期，并重申了买入评级，因为他认为美光正显示出三个迹象，即资本支出触底、估值触底以及普遍预期的大部分下行空间。
  • 价格行动：在周三的最后一次检查中，MU的股价下跌了0.02%，至50.57美元。
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