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Citi Remains Bullish On Micron Given Bottoming Process Well Underway

Citi Remains Bullish On Micron Given Bottoming Process Well Underway

鑑於築底過程正在順利進行，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(納斯達克：MU)將於9月29日收盤後發佈4Q22財報，花旗分析師克里斯托弗·丹尼利強調。
  • 他預計，由於DRAM庫存過剩和需求下降，該公司的印刷和指南將低於共識。
  • 另請閲讀： 羅森布拉特認為美光2023年的安排是積極的；預計股價將翻一番
  • 他預計DRAM定價將下降到2023年第一季度，儘管我們預計資本支出削減將抵消DRAM定價下降的影響，這將為2023年DRAM行業的反彈奠定良好基礎，無論需求多麼糟糕。
  • 他下調了自己的預期，並重申了買入評級，因為他認為美光正顯示出三個跡象，即資本支出觸底、估值觸底以及普遍預期的大部分下行空間。
  • 價格行動：在週三的最後一次檢查中，MU的股價下跌了0.02%，至50.57美元。
  • 他下調了自己的預期，並重申了買入評級，因為他認為美光正顯示出三個跡象，即資本支出觸底、估值觸底以及普遍預期的大部分下行空間。
  • 價格行動：在週三的最後一次檢查中，MU的股價下跌了0.02%，至50.57美元。
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