It is not over bought and not over priced. $Micron Technology(MU)$ stated that forward EPS 8.42 multiplied by 4 equals 33.68, then multiplied by PE 15 gives 505.20. This seems a fair valuation. What do you think?
$Micron Technology(MU)$ I have to laugh. The shorts are still around? We exploded to near $1090 yesterday. How long do they really think they can hold this down? One day, two days, three days? Get ready for $1100 after that, and then a slew of analyst price targets will need to be rerated again. Enjoy that glimmer of hope in the meantime.
$Micron Technology(MU)$ Just thinking out loud here — if Micron is moving this much because NVIDIA reported good numbers, imagine what could happen next month if Micron absolutely crushes its own earnings.
$Micron Technology(MU)$ $Roundhill Memory ETF(DRAM)$ I still think the memory cycle is in its early-to-middle innings rather than the end. DRAM estimates continue to move higher, and analysts are still raising forecasts for future quarters. I'm adding to my position here.
$Micron Technology(MU)$ The #2 ranked analyst from UBS raised the price target to $1625, and the #13 ranked analyst (out of 12,304 analysts) from TD Cowen raised theirs to $1500. Plus, it's one of the cheapest stocks around. That's good enough for me.
$Micron Technology(MU)$ Anyone caught Jensen's interview 48 hours back? Dude was spitting fire about HBM integration, talking full-stack chip redesign to shift vanilla computing into AI territory.