Why This Analyst Says Memory Stock Valuations ‘Make a Lot of Sense’
Memory stocks stabilize as analyst Drew Pettit sees secular growth driving the industry toward 3x revenue expansion by 2030.
An expert thinks memory-chip companies (which store information) are fairly priced right now because he expects them to grow a lot over the next six years. When experts say prices make sense, it's one clue to watch how these companies actually perform against that growth prediction.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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