Micron Stock Analysis: How Much Upside Is Left in the Long-Term Uptrend?
1 extracted signal · 0 resolved · 1 still active
Dennis YorkIndependent analyst profile- Source published
- 06 Sept 2026, 15:00 UTC
- Recorded by Tahlil Plus
- 06 Sept 2026, 16:44 UTC
AI-generated source summary
The analysis focuses on Micron Technology (MU), noting a significant long-term bullish trend since April 2025, with the stock appreciating approximately 20 times over a year. Despite a recent correction period, the stock's forward P/E remains attractive at 7.8x, trading cheaper than its market. Fundamental metrics such as revenue, EPS, and cash flow show strong year-over-year growth, with revenue growing by approximately 55% and other key numbers also being very strong. On the technical side, the stock is interpreted as being in the third wave of a larger Elliott Wave cycle, with a potential for a fifth wave to reach around $2000. However, the stock is also identified as overextended and potentially entering a consolidation phase, possibly moving sideways for 6-12 months. A short-term bullish outlook is maintained, with a target at $1255, and a longer-term outlook suggesting a potential move towards $2000, contingent on the stock holding support around $650.
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Dennis York
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