To The Moon

Micron's price-to-earnings multiple has compressed dramatically, as earnings expectations have surged and the stock has fallen. Micron is trading at the lowest forward price-to-earnings ratio among all stocks in the S&P 500.The combination of a swift recent decline in memory stocks and a rapid rise in Micron Technology's earnings estimates has made the memory company's shares incredibly cheap.Micron's stock now trades at 4.5 times expected earnings per share for the next 12 months, based on the consensus estimate among analysts polled by LSEG. That makes the chip stock the least expensive in the S&P 500 SPX on a forward price-to-earnings basis.The next cheapest stocks in the index are Global Payments , at a forward P/E of 4.8; Charter Communications , at a valuation of 4.8; and Viatris , at 5.4.Micron's stock is trading far more inexpensively the S&P 500 at large, which has a weighted forward P/E of 20, and the S&P 500's information-technology sector XX:SP500.45, which has a forward P

Micron Technology (MU) has an average rating of overweight and mean price target of $124.35, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from m

Ratings actions from Benzinga: https://www.benzinga.com/quote/MU/analyst-ratings (END) Dow Jones Newswires April 28, 2025 18:02 ET (22:02 GMT)

US March Retail Sales MoM +1.4% (Est. +1.3%, Prior +0.2%)