Micron stock forecast 2030 valuation models rely on forward P/E

Micron stock forecast 2030 valuation models rely on forward P/E ratios of 10–12, deriving price targets between $145 and $170 assuming steady profitability. The company's outlook also slightly exceeded analyst estimates. Micron is expecting $7.6 billion in revenue in the current quarter and adjusted earnings per share (EPS) of $1.08. However, the forecast is barely above Wall Street's expectation of $7.58 billion in revenue and EPS of $1.02. According to some estimates, the memory specialist was even expected to deliver more than $8 billion in revenue. This article originally published on Zacks Investment Research (zacks.com). Micron stock forecast 2030 is supported by analyst coverage emphasizing strong balance sheet metrics suitable for large-scale CapEx commitments.