27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Micron Technology (NASDAQ:MU) underwent analysis by 30 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 14 | 12 | 2 | 2 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 12 | 9 | 2 | 1 | 0 |
| 2M Ago | 2 | 2 | 0 | 1 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $93.41, a high estimate of $140.00, and a low estimate of $71.50. This upward trend is evident, with the current average reflecting a 13.62% increase from the previous average price target of $82.21.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of Micron Technology by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Harsh Kumar | Piper Sandler | Raises | Overweight | $95.00 | $70.00 |
| C Muse | Evercore ISI Group | Raises | Outperform | $100.00 | $90.00 |
| Aaron Rakers | Wells Fargo | Raises | Overweight | $95.00 | $82.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $90.00 | $82.00 |
| Matt Bryson | Wedbush | Maintains | Outperform | $95.00 | - |
| Hans Mosesmann | Rosenblatt | Raises | Buy | $140.00 | $100.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $100.00 | $95.00 |
| Brian Chin | Stifel | Raises | Hold | $80.00 | $76.00 |
| Timothy Arcuri | UBS | Raises | Buy | $95.00 | $90.00 |
| Joseph Moore | Morgan Stanley | Raises | Underweight | $74.75 | $71.50 |
| Harlan Sur | JP Morgan | Raises | Overweight | $105.00 | $90.00 |
| Christopher Danely | Citigroup | Raises | Buy | $95.00 | $88.00 |
| Quinn Bolton | Needham | Raises | Buy | $100.00 | $85.00 |
| Sidney Ho | Deutsche Bank | Raises | Buy | $90.00 | $85.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $95.00 | $86.00 |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $97.00 | $85.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $95.00 | $85.00 |
| John Vinh | Keybanc | Raises | Overweight | $100.00 | $90.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $100.00 | - |
| Ambrish Srivastava | BMO Capital | Raises | Outperform | $90.00 | $80.00 |
| Mehdi Hosseini | Susquehanna | Raises | Positive | $112.00 | $90.00 |
| Brian Chin | Stifel | Raises | Hold | $76.00 | $72.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $95.00 | $77.00 |
| Timothy Arcuri | UBS | Raises | Buy | $90.00 | $76.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $86.00 | $82.00 |
| Christopher Danely | Citigroup | Raises | Buy | $88.00 | $85.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $82.00 | $76.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $85.00 | $80.00 |
| Quinn Bolton | Needham | Raises | Buy | $85.00 | $75.00 |
| Joseph Moore | Morgan Stanley | Raises | Underweight | $71.50 | $58.50 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Micron Technology. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Micron Technology compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Micron Technology's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Micron Technology's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Micron Technology analyst ratings.
Delving into Micron Technology's Background
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Financial Insights: Micron Technology
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Micron Technology's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 15.69% as of 30 November, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Micron Technology's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -26.11%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Micron Technology's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -2.84%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.93%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Micron Technology's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.33.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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