Prediction evidence

Quoting · 26 Jun 2026, 22:39 UTC · context given to the AI

From Barron’s- How Micron $MU price flow keeps its margins high: The price floor will be “well above our peak quarterly margins in any past cycle,” Mehrotra said, which was 61% in the fourth quarter of 2018. Since 2010, half of Micron’s quarters had gross margins below 32%, so anything in the 60% range will prove immensely profitable—and it’s locked in through 2030 for a big portion of its customers. Maybe Micron can even convince investors that the company is worth more than nine times forward earnings, and value it to something closer to the S&P 500. Such a rerating would mean another 100% upside for the stock, with no increase in expected earnings.