MU is undervalued on a forward basis (P/E ~6) with strong bullish momentum; it could rise significantly (e.g., to $1,000).
Bullish
“REPLAY - US Stock Market SPX & NDX Cycle & Chart Analysis With Projections”
Steve MillerPublished Sep 7 · 3 passages
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Now, if you look at the valuations, the market is insanely rated when I look at the market as a whole. When you look at a company like Micron, it is currently trading at 21 times earnings.
Looking at future earnings, it is trading at a P/E ratio of only about 6 due to earnings expectations for the next quarter and early next year.
This will attract buyers. In fact, you can see that Micron's stock rose by $50 today in a very bullish pattern that we clearly see .
When I look at Micron stock, I say to myself, "Wow, there's a lot of power out there, and the stock will look very cheap to investors at $1,000, believe it or not ."
What this channel has said about $MU
Steve Miller has 4 calls on this stock; only the adjacent ones are shown.
2026-09-07BullishThis one
Now, if you look at the valuations, the market is insanely rated when I look at the market as a whole. When you look at a company like Micron, it is currently trading at 21 times earnings. Looking at future earnings, it is trading at a P/E ratio of only about 6 due to earnings expectations for the next quarter and early next year.
2026-09-05Bullish
When you look at a company like Micron, it is currently trading at 21 times its earnings.
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