Micron is the global leader in innovative memory solutions that change the way the world uses information.
The company provides optimal memory and storage systems for a wide range of applications.
- The main markets in which the company operates:
- The enterprise market (companies).
- The cloud services market.
- The graphics and network market.
- The mobile devices market.
- The smart vehicles market.
- The industrial and consumer market.
In the last 10 years, the company has tripled its gross profit line.
In terms of net income, the company has managed to quintuple its net income line in the last 10 years!
P.S.: (The company reports today after hours)
Analyst coverage: 1. On 29.06.21, a Citi Group analyst gave a price target of $135! An upside of about 46%.
Technically for swing trading: Current price: $82.93. My first target: $96.5. My second target: $120.
Company name: Micron Technology. Market cap: $93 billion. Debt-to-equity ratio: 0.30. Risk level: Medium/low.
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