Micron TechnologyPanjang
Micron Technology ($MU): Strategic Buy with AI-Driven Upside
Micron Technology ( MU ): Strategic Buy with AI-Driven Upside
Trade Setup:
- **Buy Price:** $98.66
- **Stop-Loss:** $84.68
- **Take-Profit:** $160 to $180
**Rationale:**
Micron Technology, a leader in memory and storage solutions, is poised to benefit from the growing demand in artificial intelligence (AI) applications. The company's advancements in high-bandwidth memory (HBM) position it favourably within the semiconductor industry.
**Financial Performance:**
In fiscal Q4 2024, Micron reported revenue of $7.75 billion, a significant increase from $4.01 billion in the same period last year. The GAAP net income was $887 million, or $0.79 per diluted share, marking a substantial turnaround from the previous year's loss.
**Analyst Insights:**
Analysts have set a 12-month average price target of $146.28, with estimates ranging from $90 to $250, indicating a potential upside of approximately 48% from the current price.
**Risk Management:**
The stop-loss at $84.68 helps mitigate downside risk, while the take-profit range of $160 to $180 offers a favorable risk-reward ratio.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
MU ): Strategic Buy with AI-Driven UpsideTrade Setup:
- **Buy Price:** $98.66
- **Stop-Loss:** $84.68
- **Take-Profit:** $160 to $180
**Rationale:**
Micron Technology, a leader in memory and storage solutions, is poised to benefit from the growing demand in artificial intelligence (AI) applications. The company's advancements in high-bandwidth memory (HBM) position it favourably within the semiconductor industry.
**Financial Performance:**
In fiscal Q4 2024, Micron reported revenue of $7.75 billion, a significant increase from $4.01 billion in the same period last year. The GAAP net income was $887 million, or $0.79 per diluted share, marking a substantial turnaround from the previous year's loss.
**Analyst Insights:**
Analysts have set a 12-month average price target of $146.28, with estimates ranging from $90 to $250, indicating a potential upside of approximately 48% from the current price.
**Risk Management:**
The stop-loss at $84.68 helps mitigate downside risk, while the take-profit range of $160 to $180 offers a favorable risk-reward ratio.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Nota
Coming earnings could be the catalyst for bulls to finally enter.
SiriusTrading
Bull or Bear, We’ll Brave It All!
Bull or Bear, We’ll Brave It All!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
SiriusTrading
Bull or Bear, We’ll Brave It All!
Bull or Bear, We’ll Brave It All!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.