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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (4213)	9/11/2019 12:37:53 PM
From: Unwelcomeguest	Respond to of 4827

Barron's is out with a similar sentiment today, but only mentions MU. Still applies to WDC, though. From my eTrade account: Buy Micron Stock Because Chip Fundamentals Will Improve, Says Analyst -- Barrons.com 12:06 PM ET 9/11/19 \| Dow Jones By Tae Kim Micron Technology stock will rally because memory-chip demand will exceed expectations, according to Longbow Research. The chip maker is a leader in the DRAM and NAND semiconductor markets. DRAM, or dynamic random-access memory, is used in desktop computers and servers, while NAND is flash memory, found in smartphones and solid-state hard drives. The back story. Micron shares (ticker: MU) have risen more than 55% this year on hopes of a chip-industry recovery. In June, the company reported better-than-expected fiscal third-quarter results. On its conference call at the time, Micron said the industry environment was difficult, but it predicted memory demand would improve later this calendar year. What's new. Longbow Research analyst Nikolay Todorov on Wednesday raised his rating to Buy from Neutral for Micron stock. "We are turning more positive on memory fundamentals as we now believe excess inventory will be depleted faster than expected, triggering an improvement in pricing and margin ahead of current expectations," he wrote. The analyst said the NAND flash-memory market is currently improving, while the DRAM market will hit bottom late next year. He also said his checks indicate demand from U.S. cloud-computing vendors is improving. Looking ahead. Todorov set a 12-month price target of $66 for the stock. Micron stock was up 2.8% to $50.78 on Wednesday. Write to Tae Kim at tae.kim@barrons.com > Dow Jones Newswires September 11, 2019 12:06 ET (16:06 GMT) Copyright (c) 2019 Dow Jones & Company, Inc.