blinky
06-04 07:37

$Micron Technology(MU)$  New buyers have been complaining that there are no pullbacks. There are a few here and there, like in after-hours trading today. But they're usually shallow and brief, mainly because it's in the middle of a rerating to higher multiples. It started a few weeks ago when it was given around 6x the 2027 forward EPS. Then 7x, 8x, 9x, and now 10x. We'll see in the next few weeks or months.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment