Forecast Of The Day: Samsung’s Memory Revenue
What?
Samsung’s (LSE:SMSN) Memory Revenue grew from $40 billion in 2019 to $44 billion in 2020 and surged to around $61 billion in 2021. Trefis expects the metric to grow to about $66 billion by 2023.
Why?
- What’s Next For UPS Stock After A Dismal Q2?
- What’s Next For Textron Stock After A 5% Fall In A Week?
- Should You Pick RTX Corp Stock At $125 After 10% Gains In A Week?
- Down 23% This Year, Will Starbucks’ Stock Recover Following Q3 Results?
- Down 14% YTD, What Lies Ahead For McDonald’s Stock Following Q2 Earnings?
- Meta Platforms Stock Is Up Twice As Much As S&P500, What To Expect From Q2 Results?
Growth over 2021 was driven by strong demand and pricing for DRAM modules. We expect longer-term growth to be driven by demand from the cloud and mobile markets and Samsung’s lead in technologies such as DDR5 and LPDDR5.
So What?
We think Samsung stock is undervalued at current levels. We value SMSN’s global depository receipt, which trades on the London Exchange, at about $1,740, 22% ahead of the current market price.
See Our Complete Analysis For Samsung
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.