Why Goldman Sachs is Wrong about Micron Technology, Inc. (NASDAQ:MU)

A latest report from Goldman Sachs had investors worried regarding Micron Technology , Inc. (NASDAQ:MU). The investment firm said that Micron Technology , Inc. (NASDAQ:MU)’s stock will lose value in the future as DRAM and NAND are about to collapse. The firm decreased its price target on Micron Technology to $30 and downgraded the stock to “Neutral”. However, several analysts disagree with Goldman’s rationale.

Macquarie recently said in a report that companies around the world are increasing their footprint in the lucrative data center industry. These companies are concerned with performance rather than the cost of chips. The report therefore contended that NANA/DRAM prices do not face any short or long term threat.

Micron Technology , Inc. (NASDAQ:MU) shares have gained about 25% in value since the start of the year. According to Yahoo! Finance, 28 out of 30 analysts covering Micron Technology , Inc. (NASDAQ:MU) have either a “Buy” or “Strong Buy” rating on the stock.

ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.