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Micron Technology: A Stock Which Can Go Up Significantly

Apr. 09, 2021 4:35 AM ETMicron Technology, Inc. (MU)62 Comments


  • DRAM and NAND industries are growing quite fast.
  • Micron Technology stock is significantly undervalued.
  • Based on 2022 EPS estimates, the stock could rise to the $200 level.

in Ultra Modern Electronic Manufacturing Factory Design Engineer in Sterile Coverall Holds Microchip with symbols in futuristic holography.
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Micron Technology, Inc. (NASDAQ:MU) benefits from industry trends. Analysts expect tremendous growth for the company. At the same time the company is used to beating analysts' estimates at large surprise rates. Valuation models indicate considerable undervaluation.

This article was written by

I am an equity research analyst looking for the highest quality value and growth opportunities. I do prefer those industries which have a promising outlook and are expected to grow at an above-average rate.Associated with another SA contributor Growth Analyst.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in MU over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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