Professional
Added to YB: 2026-04-15
Pitch date: 2026-04-07
MU [neutral]
Micron Technology, Inc.
+124.32%
current return
Author Info
No bio for this author
Company Info
Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally.
Market Cap
$1.1T
Pitch Price
$415.13
Price Target
590.00 (-37%)
Dividend
N/A
EV/EBITDA
9.28
P/E
12.82
EV/Sales
7.58
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Micron, Memory, Cycles, and Semis
MU (overview): Memory's volatile cycle faces key test—HBM4 qualification claimed but pinspeed concerns linger. LTAs (3-5yr vs 12mo) & oligopoly pricing power (Samsung +260% 2Q) suggest super-cycle, but capex surge ($25B MU, $73B Samsung) signals cycle peak near per Capital Returns framework. TTM EPS ~$59 at 7.4x P/E fair, upside to $590 (+50%) if FY27 guidance holds, downside to $220 (-40%) on slowdown. Market risk 38% prob, beta 1.6x amplifies moves. Watch hyperscaler capex & HBM share.
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