FMP
May 20, 2024 1:02 PM - Davit Kirakosyan
Micron Technology (NASDAQ:MU) shares rose more than 2% pre-market today after Morgan Stanley analysts upgraded the company to Equalweight from Underweight and raised their price target to $130 from $98.
The analysts commented that although they still view Micron as fundamentally overvalued based on long-term discounted cash flow (DCF) metrics, the continued demand for high bandwidth memory (HBM) is boosting sentiment among memory buyers, resulting in sustained pricing strength.
The analysts also mentioned the possibility of a positive preannouncement this quarter. While there may eventually be an oversupply of HBM, the market is currently in the ramp-up phase. Additionally, the analysts are increasingly optimistic about NAND due to the lack of spending, which they expect to be a significant driver next year.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...