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Micron stock forecast valuation models currently apply a
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Micron stock forecast valuation models currently apply a forward P/E multiple of 26, slightly above the sector average, due to anticipated earnings acceleration in fiscal H In terms of earnings estimate revisions for Micron, the Zacks Consensus Estimate for the current year has increased 27.1% over the past month to $16.58. Looking ahead to the fourth quarter, Micron is aiming even higher, with revenue expected to reach $10.7 billion, plus or minus $300 million. Non-GAAP EPS is projected to range between $2.35 and $2.65. Over the longer term, analysts tracking Micron see a massive surge in the bottom line in fiscal 2025. And the upward momentum is expected to continue in fiscal 2026 with another 68% surge in profit to $11.80 per share. According to market sentiment surveys, Micron stock forecast sentiment is at a 6-month high, with 62% of institutional traders rating the share a “buy” due to favorable DRAM cycle positioning.