Author argues Micron's post-earnings EPS run-rate ($25 actual Q3, $31 guided Q4) implies about $100 annualized EPS and $110B net income, leaving it at roughly 11x forward earnings versus 17-34x for mega-cap tech peers, and expects $1,500-$1,800 within three months.
MU — LONG The author argues Micron's latest results (Q3 EPS $25 actual, Q4 guidance $31) annualize to roughly $100 EPS and, on ~1.1B shares, about $110B of net income, which at the current ~11x forward P/E leaves it 50-65% cheaper than mega-cap tech peers on projected multiples. He sees this gap closing as earnings power is recognized, with an implied-price table showing $1,500 at 15x and $2,000 at 20x. His stated horizon is $1,500-$1,800 within the next three months, into the next earnings report; the author discloses being long MU and does not state a specific downside risk beyond the need for the earnings run-rate to hold.
I think we will $1500-$1800 in the next 3 months until next earnings.
This Reddit post, published June 24, 2026, features u/Legitimate_Watch_519 discussing MU. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Legitimate_Watch_519 · Tickers: MU