I'm Not Going To Tell You What My Price Target Is On Micron -

I’m Not Going To Tell You What My Price Target Is On Micron

Jun 26, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashMicron: Bad reaction to an okay earnings print. The print was not amazing—they beat respectably and guided inline. That’s not a blowout, so for a stock that’s been way up lately, it’s fair that it’s down. No excuses on that one.But… I am very bullish. I posted my model in chat. Understanding and seeing my models and their targets builds conviction either way. I always challenge and request all my customers to go through my models. They are not hard. Focus. See what the line items are, see what the trends were, and what the company is saying to determine where the future quarters’ trends can go. Then look at my model and say yay or nay. Don’t just say, “Chaim likes it.” Learn, grow, and understand the process of building conviction.I’ve been following MU for literally 30 years. When the company says pricing is good currently on their earnings call, it’s usually very bullish. They said that this quarter is currently good, it will be good, and it will be good for the next SIX (read ’em SIX) quarters. I mean, come on. That is just ridiculously bullish. I am still shaking my head at how bullish it is. They were like, ‘Yeah, well pricing is going to be up, and AI mix is going to be up in addition, and, and, and.’It’s ridiculously bullish.There’s more, but I’ll keep it simple for this public post. If you’ve been following MU for a while, I think you’d agree with me. Despite the stock reaction, it was pretty bullish. No pun on bullish, but I asked my cow what’s her favorite stock. She said, “mu.” So I guess she’s bullish too.More By This Author:Tesla: What’s Most Concerning…
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