Citi stays Buy on Micron despite worse than expected guidance

Dec 20, 2024 · Citi says Micron (MU) reported strong results but guided below the firm’s recently-lowered estimates as the weakness in NAND and excess DRAM inventory in the PC and …

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Citi Affirms Strong Outlook For Micron Amidst Inventory Challenges

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Sep 26, 2024 · Citi’s persistent price target of $150 reflects a strong belief in Micron's potential, especially in light of the predicted DRAM rebound. Their analysis suggests a bullish outlook for …

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Micron Q4 Estimates Slightly Lowered Due To High Inventory: Citi

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Citi slightly lowered its full-year 2024 sales estimate for Micron to $24.9B from $25.1B. However, Citi reiterated its Buy rating on the stock, but lowered its price target to $150 from $175.

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Citi Maintains Buy Rating On Micron With Steady Target

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Sep 26, 2024 · Citi reaffirmed its positive stance on Micron Technology (NASDAQ: MU) shares, maintaining a Buy rating and a price target of $150.00. The decision follows Micron’s recent …

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Citi Expects Micron To Report Results Slightly Below Consensus

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Dec 16, 2024 · Citi analyst Christopher Danely reiterates a Buy rating on Micron (MU) with a $150 price target ahead of the company’s fiscal Q1 results on December 18. The firm expects the …

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Micron Earnings: Citi Says 80% Of Investors Bearish Ahead

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Sep 23, 2024 · Citi’s Christopher Danely lowered the firm’s price target to $150 ahead of the Q4 report, citing DRAM oversupply issues, but he remains optimistic that these challenges will …

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Micron’s Stock Is Down 30% In A Month. Why Citi Says To ‘double …

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Aug 8, 2024 · Micron’s stock MU is down nearly 30% in a month, even when factoring in Thursday’s 6% rally. “We think it’s time to double down on Micron given the recent selloff as …

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Micron's Stock Is Down 30% In A Month. Why Citi Says To 'double …

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Aug 8, 2024 · Citi analyst Christopher Danely sees opportunity in semiconductor stocks after they've lost ground in recent weeks - and he especially sees room for Micron Technology Inc. …

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Citi Maintains Buy Rating On Micron Stock On DRAM Market Upturn

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Apr 5, 2024 · On Friday, Citi reaffirmed its confidence in Micron Technology (NASDAQ: MU) shares, maintaining a Buy rating and a price target of $150. The firm's stance is fortified by …

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FAQs about Citi stays Buy on Micron despite worse than expected guidance Coupon?

Why did Citi Research lower its estimates for tough competition Micron Technology?

Tough Competition Micron Technology (NASDAQ:MU) is scheduled to release its fourth quarter and full-year fiscal 2024 results next Wednesday, prompting Citi Research to slightly lower its estimates due to an inventory build of dynamic random access memory, or DRAM. ...

Does Citi have a Buy rating on micron (Mu)?

In addition to keeping Micron ( MU) as its top pick, Citi has buy ratings on ON Semiconductor ( ON ), Analog Devices ( ADI ), AMD ( AMD ), Microchip Technology ( MCHP) and GlobalFoundries ( GFS ). Have a tip? Submit confidentially to our News team. Found a factual error? Report here. ...

How will Citi's micron perform in the fourth quarter?

For the fourth quarter, Citi expects Micron to report earnings per share of $0.89 and revenue of $7.5B. These estimates are below the consensus, which expects earnings per share of $1.11 on revenue of $7.65B, which would represent quarter-over-quarter growth of 12%. ...

When will micron's DRAM inventory finish?

"While it appears there has been an inventory build in DRAM in the PC and handset end markets, we believe this should finish by the end of the year," said Citi analyst Christopher Delaney, in a Tuesday note. "More importantly, we expect Micron's revenue and gross margins to increase for the next several quarters." ...

Is Micron a good buy?

Seeking Alpha analyst Kumquat Research considers Micron a Strong Buy at its current price, and the company should enjoy an upswing due to high-bandwidth memory demand ahead. Micron was up 2% by noon trading on Tuesday. The stock has a Buy rating from Seeking Alpha analysts, and a Strong Buy rating from Wall Street analysts. ...

Will Micron Technology (Mu) release Q4 results?

Play(2min) knowlesgallery/iStock Editorial via Getty Images Micron Technology (NASDAQ:MU) is scheduled to release its fourth-quarter and full-year fiscal 2024 results next Wednesday, prompting Citi Research to slightly lower its estimates due to an inventory build of dynamic random access memory, or DRAM. ...