My Lower Estimates Prove That Micron Is Being Underestimated
Micron Technology(MU) Seeking Alpha·2024-07-02 10:40
Sundry Photography Thesis In my previous article about Micron Technology, Inc. (NASDAQ:MU) I rated the stock as a "strong buy" after arriving at an estimated present fair price per share of $151.72 which was 37.4% higher than the stock price at that time of $110.40. I also calculated which could be the potential stock price for the year 2029, and the result was $199.64, which implies 13.5% annual returns, which is over the market's historic 10.50% annual returns. Micron reported Q3 2024 earnings on June 26. ...