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Analyzing Micron's Most-Bullish Analyst Call Ever

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  • (0:20) - Is Micron Worth $100 Per Share?
  • (3:00) - Micron's Key Factors To Success
  • (7:00) - Episode Roundup:

On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney highlights the rapid growth of memory-chip maker Micron Technology (MU - Free Report) and debates whether the stock could be worth $100 per share within the next year.

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On Monday, Micron received its most-bullish analyst call ever when Nomura Instinet raised its 12-month price target for the stock to $100 from $55. That projection represents about an 83% upside to MU’s Friday’s close and marks the highest price target out of the 26 research firms that cover the company, according to FactSet.

Nomura’s bullish sentiment is part of a broader trend of analysts becoming more optimistic about the stock. Within the past 60 days, we have seen eight revisions, with 100% agreement to the upside, for Micron’s full-year earnings estimates. The Zacks Consensus Estimate has moved 74 cents higher over that timeframe.

Meanwhile, MU has emerged as one of Wall Street’s hottest stocks over the past two years, having gained well over 400% in that timeframe. The semiconductor manufacturer is also trading with relatively attractive valuation metrics.

Ryan digs into all of these details and explains how memory has become commoditized in the tech sector, which could explain Micron’s low valuation. But do we agree that Micron should continue its surge this year? Make sure to check out the show to find out!

As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at Make sure to check out all of our other audio content at, and remember to subscribe and leave us a rating!

As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!

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