MU Revenue (TTM) data by YCharts
Now what
Both Micron's management and independent memory market analysts agree that selling prices should remain stable for at least a couple more quarters. I would go one step further and say that the era of painful price wars may be largely behind Micron at this point. The weak hands have been shaken out in the previous periods of drastic oversupply, leaving just a handful of memory suppliers with much better control of the day-to-day supply and demand balance.
In 2017, I see Micron shares continuing their recent climb with another surge of as much as another 60%. The downside risk is limited .
Long story short, I'm a happy Micron shareholder today whether I'm looking in the rearview mirror or straight ahead.
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Anders Bylund owns shares of Micron Technology. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
