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Summit Research Compares Micron Technology, Inc. And SanDisk Corporation

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In a note out Wednesday morning, Summit Research analyst Srini Sundararajan delves into the major differences between Micron Technology, Inc. (NASDAQ: MU) and SanDisk Corporation (NASDAQ: SNDK), and why he favors Micron.

Some of the key takeaways:

  • Micron is Mainly a DRAM Player, Sandisk NAND
  • iPhone 6: Bigger Screen Version Will be a DRAM Hog
  • Recent Weakness in MU Unwarranted …DRAM is in Shortage and Will Be Through Next Year
  • SanDisk's stock weakness might have been due to its facing an ever so slightly adverse turn of events/small setback in their patent tussle with Netlist

Summit Research currently has a Buy rating on Micron, with a $46 price target. The stock was last down 0.08 percent.

The firm has a Hold rating on SanDisk with an $87 price target. The stock was last up 0.05 percent.

Latest Ratings for MU

DateFirmActionFromTo
Aug 2016Brean CapitalMaintainsBuy
Aug 2016UBSMaintainsBuy
Jun 2016SusquehannaUpgradesNeutralPositive

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Posted-In: Srini Sundararajan Summit ResearchAnalyst Color News Price Target Analyst Ratings

 

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