Added to YB: 2026-06-18
Pitch date: 2026-06-16
MU [neutral]
Micron Technology, Inc.
Author Info
No bio for this author
Company Info
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.
Market Cap
$1.2T
Pitch Price
N/A
Price Target
1.6K (+57%)
Dividend
0.06%
EV/EBITDA
30.98
P/E
48.02
EV/Sales
19.71
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
$MU $1,600 target price for honey and unexploded bombs
MU (overview): Aletheia Buy, $1,600 PT (61% upside) on DRAM supercycle—server ASP +30% Q3'26, memory rising to 70% of AI BOM by 2027, $350-400B FCF FY26-28. Bull rests on PBR→PER re-rating, 10x CY27E EPS (~$160 vs ~$48 now). Author skeptical: prices peak cyclical EPS as perpetual; risks—new fab capacity, YMTC/CXMT low-end, $26M rack ROIC unproven, de-rating + depreciation double whammy.
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