Source Post

Is Micron's $1,600 Price Target Too Low? Why the Stock May Still Be Undervalued

The creator discusses Micron's valuation, noting that despite a significant price target increase, the stock may still be undervalued. They highlight that Micron is expected to generate over $100 billion in profits within the next 12 months and is trading at a PE ratio comparable to low-growth retailers, suggesting it's currently the cheapest company among those with such high profit expectations.