This Analyst Believes Negative Sentiment, Macro Headwinds As An Opportunity To Step In For Micron Technology and Western Digital
Mizuho analyst Vijay Rakesh slashed price targets on Micron Technology, Inc (NASDAQ: MU ) to $95, from $113 (66% upside), and Western Digital Corp (NASDAQ: WDC ) to $68, from $72 (44% upside), and reiterated a Buy. He observed that memory industry update, sentiment, and pricing trends had softened considerably in the last month with weaker PC-handset trends, consumer demand concerns with DRAM softer but NAND worse with weak demand offset by better supply from Kioxia. He wrote that server is the only bright spot in driving memory demand, and NAND and DRAM pricing trend in … Full story available on Benzinga.com
This Analyst Believes Negative Sentiment, Macro Headwinds As An Opportunity To Step In For Micron Technology and Western Digital
Mizuho analyst Vijay Rakesh slashed price targets on Micron Technology, Inc (NASDAQ: MU ) to $95, from $113 (66% upside), and Western Digital Corp (NASDAQ: WDC ) to $68, from $72 (44% upside), and reiterated a Buy. He observed that memory industry update, sentiment, and pricing trends had softened considerably in the last month with weaker PC-handset trends, consumer demand concerns with DRAM softer but NAND worse with weak demand offset by better supply from Kioxia. He wrote that server is the only bright spot in driving memory demand, and NAND and DRAM pricing trend in … Full story available on Benzinga.com