D.A. Davidson: Micron Stock Could Triple — SkimNews
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- Gil Luria of D.A. Davidson said investors are "early in their journey" when it comes to understanding Micron Technology and how to value its stock.
- Luria argued investors haven't properly taken into account Micron's expected growth trajectory over the next three to five years.
- Luria characterized Micron's current valuation multiple as "dirt-cheap" and said it doesn't reflect the company's true worth.
- Luria also wants investors to price in Micron's upcoming buyback program, which he suggested the market is overlooking.
- The headline framing implies Micron shares could triple from current levels based on Luria's valuation math.
Why it matters: Single-analyst price targets rarely move markets on their own, but Luria anchors his tripling call in two checkable inputs — a 3-to-5-year growth trajectory and an upcoming buyback — giving bulls a concrete framework to pressure-test rather than another vague AI-rally pitch.
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