Analysts are weighing in on the technology giant Apple Inc. (NASDAQ:AAPL) and memory chip giant Micron Technology, Inc. (NASDAQ:MU), with brief commentaries and views.

Apple Inc.

Piper Jaffray analyst Gene Munster weighed in today with his views on Apple, after the WSJ reported that Apple has a target “ship date” of 2019 for the Apple car. However, the WSJ noted that ship date could mean the date where Apple engineers sign off on the product’s core features.

Munster noted, “While sales are likely to begin later than 2019, we believe investors are starting to try to factor the Apple car into the model. To put the car in perspective, every 40,000 units at a $75K ASP would add 1% to 2021 revenue. By comparison, Tesla produced 35,000 cars in 2014. Some investors are trying to determine the best case long-term case for the car. While we note the inherent difficulty in making long-term predictions and don’t necessarily believe this will happen, to put the larger opportunity in perspective, if Apple were to recreate the success of BMW in 20 years (1.8 million cars in 2014), it could yield $135B in revenue. We continue to view the car as positive to AAPL’s multiple.”

Munster reiterated an Overweight rating on Apple shares, with a price target of $172, which implies an upside of 57% from current levels.

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Gene Munster has a total average return of 19.9% and a 59.2% success rate. Munster has a 25.5% average return when recommending AAPL, and is ranked #4 out of 3755 analysts.

Out of the 50 analysts polled by TipRanks, 34 rate Apple stock a Buy, 14 rate the stock a Hold and 2 recommend a Sell. With a return potential of 35%, the stock’s consensus target price stands at $148.02.

Micron Technology, Inc.

In a research report published Friday, Needham analyst Rajvindra Gill reiterated a Buy rating on shares of Micron Technology, and reduced the price target to $25 (from $40), as the PC market remains a “wild card”. The company yesterday released its fourth-quarter earnings, posting better than expected forecasted results. However, the company’s first quarter guidance was weak.

Gill commented, “While we are starting to see some signs of stabilization in the market, we admit to being wrong as to the magnitude of the effect soft demand would have on PC DRAM pricing, and consequently MU’s model. With that being said, we believe the DRAM pricing environment should improve with the major players continuing to act rationally and demand tailwinds in the mobile market. Mgmt has also been slow to execute on 20nm, but we believe is on track to realize cost benefits in F2H16 from the growing mix of 20nm, 3D NAND, and LPDDR4. We are lowering our ests and price target to $25 with the PC market remaining a wildcard, but would remain buyers of MU with the stock trading at just 5.2x our FY17E and 1.1x P/B.”

According to, analyst Rajvindra Gill has a total average return of 14.0% and a 53.9% success rate. Gill has a -28.1% average return when recommending MU, and is ranked #81 out of 3755 analysts.

Out of the 32 analysts polled by TipRanks, 26 rate Micron Technology stock a Buy, 5 rate the stock a Hold and 1 recommends a Sell. With a return potential of 71%, the stock’s consensus target price stands at $25.25.