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MU
3 articles
Micron's $73B Cash Pile Fuels Dec. 9 Buyback Blitz; Forward P/E of 6.2 Undervalued
Micron trades at 14.5x earnings today but projects 6.2x forward P/E by fiscal 2027 as AI memory demand extends to 2031 and CHIPS Act buyback restrictions lift.
Micron's HBM Ramp Could Drive Stock 70% Higher by Year-End
Micron's plan to triple high-bandwidth memory output by late 2026 should sustain gross margin expansion above 70 percent and deliver outsized earnings beats through fiscal year-end.
Micron's $158 EPS Target Points to Compressed Multiple After Q3 Beat
Micron posted fiscal Q3 revenue of $41.46B and EPS of $25.11, crushing estimates, with the Street's $158 forward EPS estimate cutting the forward P/E to 11.99.