Micron is a powerful 5G game, says 5-star analyst

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What would you say to someone if they asked? You : "Should I buy Micron?MU) now? “For Rosenblatt’s Hans Mosesmann, the answer is very clear: The 5-star analyst sees this stock as a flower that continues to bloom. In fact, Mosesmann even goes as far as Micron as” one of our top 3 options for 2020 “.” Data-reactid = “12”> What would you say to someone if they asked you: “Should I buy Micron (MU) now? “For Rosenblatt’s Hans Mosesmann, the answer is very clear: The 5-star analyst sees this stock as a flower that continues to bloom. In fact, Mosesmann even goes so far as to Micron as” one of our top 3 selections for 2020 ”.

After talking to Micron’s MBU manager (Mobile Business Unit), Mosesmann gives some important insights that only contributed to his optimistic mood:

  • With the proliferation of 5G networks around the world, 5G phones will bring significant advances in performance that (20 times faster downloads), latency (10 times less) and density (10 times more devices per kilometer) all powered by Micron Tech.
  • With the first steps of the 5G cycle, Micron forecasts sales of 5G telephone units of around 450 million in 2021 and expansion in the coming years. Accordingly, the company expects 5G 2020 bit growth for DRAM (memory) of 15% and for NAND (memory) of 30%.
  • With 5G backups from 4G phones, new game apps, and their ability to handle high-resolution DRAM and NAND requirements for content, 5G in 5G requirements will increase between 33% and 100% compared to 4G.

All of this leads Mosesmann to argue that Micron is “industry leader in key categories and the MBU business is now profitable across cycles”.

In summary, the analyst stated: “At a high level, Micron claims that even in one of the market segments worst affected by COVID 19 dynamics, the memory content of 5G phones will increase significantly in 2020 and the bit will increase demand . “

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "For this purpose, Mosesmann is repeating a purchase assessment for Micron shares Looking at a price target of USD 100. Investors can expect a massive upward trend of 102%, should the analyst's thesis prevail in the coming months. (To track Mosesmann's track record, Click here) “data-reactid =” 28 “> To this end, Mosesmann confirms a buy rating for Micron shares, taking into account a price target of USD 100. Investors can expect a massive upward trend of 102%, should the analyst’s thesis be correct in the coming months . (To see Mosesmann’s track record, Click here)

As for the rest of the street, the cops have it. Micron’s moderate buy consensus rating is divided into 19 buy ratings, 5 holds and single sell, which were received in the last three months. The average price target of $ 62.66 suggests stocks could rise ~ 27% next year. (See Micron stock analysis on TipRanks)

<p class = "Artboard-Atom Artboard-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "To find great ideas for trading technology stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all the insights into TipRanks’ stocks.“data-reactid =” 38 “>To find great ideas for trading technology stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all the insights into TipRanks’ stocks.

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