# Micron Stock Still Undervalued Despite Price Drops

> Micron's stock may remain undervalued even with 15% memory price declines.
- Title: Micron Stock Still Undervalued Despite Price Drops | Shortify
- Summary: Micron's stock may remain undervalued even with 15% memory price declines. Micron Technology stock is undervalued despite potential memory price drops, with…
- Keywords: micron, memory prices, stock, nasdaq, ai infrastructure, memory pricing, analyst target, money, business, Still, Undervalued, Despite
- Source: Seekingalpha — https://seekingalpha.com/article/4953146-micron-even-if-memory-prices-fall-15-percent-it-may-still-be-undervalued
- Author: Jiangwei Li
- Published: 2026-10-09T18:31:42+00:00
- Read time: 1 min
- Topics: micron, memory prices, stock, nasdaq, ai infrastructure, memory pricing, analyst target, money, business
## 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.
## Key takeaway

Micron Technology stock is undervalued despite potential memory price drops, with analysts predicting 25% upside from current levels.