Micron Technology, Inc. logo MU - Micron Technology, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 58
HOLD 10
SELL 2
STRONG
SELL
0
| PRICE TARGET: $1,588.85 DETAILS
HIGH: $3,000.00
LOW: $1,200.00
MEDIAN: $1,500.00
CONSENSUS: $1,588.85
UPSIDE: 80.79%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 80% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 64.2% below fair value
Current Price $878.84
Bear Case $1,379.63 57.0% upside ($1,379.63 - $878.84) / $878.84 = 57.0% 12% stage 1 growth, 12% discount
Fair Value $2,454.90 179.3% upside ($2,454.90 - $878.84) / $878.84 = 179.3% 20% stage 1 growth, 12% discount
Bull Case $3,796.57 332.0% upside ($3,796.57 - $878.84) / $878.84 = 332.0% 26% stage 1 growth, 12% discount

Adjust Assumptions

20.0%
12.0%
3.0%

Key Value Driver

FCF growth rate (20% base case)

Terminal Value % of EV 42%
Implied Market Multiple 13.7x
Market is pricing in (growth) 5.5% vs our 20.0% base

Plain-Language Summary

Using a two-stage FCF DCF with 20% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $2454.90 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (70 analysts) $1588.85
Analyst Range $1200.00 – $3000.00
Divergence from AlphaVal 55%

Warnings

ℹ Wall Street's average price target is $1588.85 (from 70 analysts). Our estimate is 55% above the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions