"Despite the 500%+ gain, the fundamentals remain compelling. Micron trades at a trailing P/E of 18x and a forward P/E of 6x. A PEG ratio of 0.213 suggests the market has not fully priced in the earnings growth trajectory."
"CEO Sanjay Mehrotra disclosed on the Q1 FY26 earnings call that 'we have completed agreements on price and volume for our entire calendar 2026 HBM supply, including Micron's industry-leading HBM4.'"
"The HBM total addressable market will grow from approximately $35 billion in 2025 to around $100 billion in 2028, a CAGR of approximately 40%. Micron is the only U.S.-based memory manufacturer, and its order book for HBM reportedly stretches into 2027."
Micron Technology's stock has increased by 522.09% over the past year, with a current price of $406.73. Despite this rise, the company's fundamentals remain strong, with a trailing P/E of 18x and a forward P/E of 6x. The PEG ratio of 0.213 indicates that earnings growth is not fully reflected in the stock price. Analysts have a consensus target of $525.48, suggesting a 29% upside. The company is positioned well in the growing HBM market, with significant revenue projections and a solid order book.
Read at 24/7 Wall St.
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