Micron Technology (MU)
Up 311% this past year, potential investors should know that we still consider MU stock a Buy – and that the average analyst rating is still a Strong Buy with a +50% one year forecast. We back up our rating by pointing to Micron Technologies staggering EPS growth forecasts with projections of over 172% growth in the next year alone.
| MU | |
| Share Price | $ 357.22 |
| Earnings Per Share | $ 21.18 |
| EPS (Forward 1yr) | $ 57.70 |
| Price to Earnings | 16.9 |
| EPS Growth | 172.4% |
| PEG | 0.1 |
It’s incredibly low price to earnings of just 17 combined with that 172% EPS forecast means that MU stock has a PEG ratio of 0.1; and it just doesn’t get much better than that. Micron has beat all 4 of their last earnings forecasts and gets all the benefit of being a semiconductor local to the US, meaning it doesn’t share a lot of the same geopolitical risks as other semiconductor companies like TSMC.
We have rated Micron stock a medium risk, high reward stock and maintain a Buy rating with a +28% one year price prediction.
