**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.*
บันทึกช่วยจำ
Coming earnings could be the catalyst for bulls to finally enter.