Micron Technology
Long

$MU getting accumulated with PT $140-220

193
- MU GAAP eps is growing substantially in 2025 and 2026 but market hasn't rewarded MU
- It appears that whales are accumulating the stock and/or suspicious of MU future demand.
- If analyst expectation and company's projection is true then this stock is grossly undervalued.


Based on the fundamentals:

Year | 2025 | 2026 | 2027
Gaap EPS | 6.32 | 9.65 | 11.27
EPS growth | 730.48% | 52.72% | 16.80%
Bear case ( for. p/e = 15 ) | $94.8 | $144.75 | $169.05
Base case ( for. p/e = 20) | $126 | $193 | $225
Base case ( for. p/e = 25 ) | $158 | $241 | $281.75
Bull Case ( for p/e = 35 ) | $189 | $289 | $338

Note
Even with bear case, if I buy shares under 100, I will get 50% return on investment by the end of 2026. That's 25% CAGR which should be enough to beat the market returns for the next 2 years.

This is the bare minimum without even considering valuation expansion and getting assinged higher p/e multiple for positive surprises.
Note
Only thing scaring the investors is that would MU be able to milk NVDA for those memory chips or would samsung or SK Hynix outbid them in this race

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