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.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
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...