FMP
Oct 9, 2023 7:24 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
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Citi analysts decided to maintain their positive outlook on Micron Technology (NASDAQ:MU) by reiterating a Buy rating and setting a price target of $85.00. The bank's rationale for this stance is based on recent developments in the DRAM market. The analysts highlighted TrendForce's upward revision of their Q4/23 DRAM price forecast, which shifted from a projected flat quarter-on-quarter change to a 3%-8% sequential increase. This change was attributed to production cutbacks by Samsung.
Furthermore, the analysts pointed out that TrendForce anticipates further DRAM price increases in the first quarter of 2024, estimating a rise of 0-5% sequentially. In light of these developments, they believe that the DRAM market is on the cusp of an upswing.
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A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
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Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...