Added to YB: 2026-10-08
Pitch date: 2026-10-04
MU [neutral]
Micron Technology, Inc.
-12.94%
current return
Author Info
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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
$1.1K
Price Target
1.2K (+29%)
Dividend
N/A
EV/EBITDA
9.28
P/E
12.82
EV/Sales
7.58
Sector
Semiconductors and Semiconductor Equipment
Category
value
Micron Still at 6x Earnings: Peak or New Normal?
MU (pass): Micron’s record FY2026 — 81% gross margin, $59.0B of free cash flow and $68.3B of net cash — does not justify buying at $1,097 despite a 6.2x FY2027 P/E. Only ~26% of revenue through 2030 has defined pricing, while new supply arrives in 2028. A flat-EPS model yields a $902 base fair value (shares trade 22% above it) and a $421-602 accumulation zone.
Read full article (22 min)