MU
Micron Technology (NASDAQ: MU) has surged 890% over the past year, yet trades at less than 10 times forward...
Article Summary
BUY- Micron Technology (NASDAQ: MU) has surged 890% over the past year, yet trades at less than 10 times forward earnings, far below some other high-growth chip names.
- Analysts argue the market may still be underestimating the memory chip maker's role in the AI buildout as high-bandwidth memory becomes more tied to data center design and longer-term contracts.
- Micron Technology appears to benefit from what D.A.
- Davidson's Gil Luria called a memory wall as AI models get larger and run longer, with rising demand for more memory capacity and faster performance.
- Luria kept a Buy rating on Micron with a $1,500 price target implying about 55% upside over the next year.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 85.6% | 25% | 100.0 ptsExceptional (85.6%) - Hypergrowth |
| EPS Growth Next 5Y ? | 125.7% | 25% | 100.0 ptsExceptional (125.7%) - Very high expectations |
| Target Price Upside ? | 27.2% above | 20% | 0.0 ptsAbove Target (27.2% above) - Target: $759.20 vs Current: $1042.82 |
| Gross Margin % ? | 58.5% | 15% | 80.0 ptsVery Healthy (58.5%) - High-quality margins |
| Drawdown from 52-Wk High ? | 6.3% | 15% | 20.0 ptsBarely a Dip (6.3%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About MU
- Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally.
- It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments.
- The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies.
- It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards.
- In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs.
- It markets its semiconductor memory and storage products under the Micron and Crucial brands.
- The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets.
- It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners.
- Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.