From Seekingalpha · Jiangwei Li · · 50s
Micron Stock Still Undervalued Despite Price Drops
Micron's stock may remain undervalued even with 15% memory price declines.
In brief
Micron's stock may remain undervalued even with 15% memory price declines. Micron Technology stock is undervalued despite potential memory price drops, with analysts predicting 25% upside from current levels. Originally reported by Seekingalpha.
Analyst Rating
Micron Technology receives a Buy rating with a base-case target price of $1,307.
Earnings Growth
Strong AI infrastructure demand and industry supply constraints drive revenue and margin expansion.
Investment Thesis
Continued shipment growth and manageable memory pricing decline support the investment case.
Key Risks
Faster capacity expansion, sharper price declines, and low valuation multiples pose risks.
Current Stock Price
Micron closed at $1,045.56 on October 6, 2026, with expected FY2027 EPS of $176.15.
Valuation Upside
Analyst target represents approximately 25% upside from current stock levels.
In short
Micron Technology stock is undervalued despite potential memory price drops, with analysts predicting 25% upside from current levels.
