Micron Technology Stock: Is It Heading for a $2 Trillion Valuation?

Price Action
โดย The Motley Fool·Read original
Summary · why it matters

Micron Technology's stock has surged 800% over the past 12 months, reaching a market capitalization of around $1.3 trillion, driven by strong demand and limited supply of memory and storage products. Despite the massive rally, the stock trades at a forward price-to-earnings multiple of only seven, based on analyst estimates, compared to the S&P 500 average of 21. To reach a $2 trillion valuation, the stock would need to rise about 56% to around $1,770 per share, which would still keep its forward P/E below 12. However, the cyclical nature of the memory industry and the risk of a supply-demand correction could make investors hesitant to value the stock that highly.

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