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Micron Technology stock has been one of the more volatile in the stock market this year it's down to around $95 per share $97.65 to be precise even though earlier in the year was up closer to $160 per share so a lot of investors are curious about do is give you my prediction for where I think Micron Technology stock price will be by the end of next year by the end of 202 5 where do I think Micron Technology stock price will be now to make this stock price prediction I'm going to use so that you can decide for yourself if the numbers are on point too high or too low right I'm going to share with you all of the numbers so let's take a look at this interesting Semiconductor Company right now first estimate is Micron Technologies earnings per share estimate for next year that is in 20205 calendar year 2025 and then I'm also going to need its earning per share estimate for calendar year 2026 or fiscal year 2026 for Micron Technology there can be a difference between calendar year and fiscal year because companies are allowed to have fiscal years that do not match with the calendar year so let's take a look here according 's going to deliver $8.90 in earnings per share in its current year which is in 2025 now they also think that next year which is going to be their fiscal year 2026 that Micron Technology will deliver $12.83 in earnings per share they forecast a significant increase in the company's earnings per share which makes sense intuitively if you think about the company's prospects and how it' increasing computation power that's needed on the edge in devices like personal computers laptops tablets and smartphones Etc so $12.83 expected next year for micron and interestingly those estimates have been going up consistently in the last 3 months so I'm a little surprised at the decrease in stock price in recent weeks even though the company's earnings per share expectations are forecast to improve now a lot of that could have to do with geopolitical tensions and a new Administration and the results of the elections in the United States still earnings per share estimates keep going higher 90 days ago the analyst on Wall Street expected $12.28 in EPS for Micron Technology that's been revised higher to $12.83 as of the most recent update I also need Micron Technology forward price to earnings ratio as of this according its forward PE is near the lowest level it's been all year at a forward PE of 7.6 I'm also going to need the current share price so that we can compare the estimate with the current share price to determine if there's significant upside and right now the share price is trading at $97.65 all right so now that we have our estimates we can jump into the model for predicting the share price so you can see here the EPS estimate for $12.83 cents for 2026 I got that from the Yahoo finance website where they combined the estimates from analysts following the stock if you combine that with a forward PE of 7.6 you'll get the price of $975 which unsurprisingly is very close to the current share price however I think the forward price the earnings ratio will rise next year typically when company's earnings are rising therefore forward price the earnings multiples are also rising and vice versa when the company's prospects are improving and look strong the forward PE multiple tends to rise and a forward PE multiple of 7.6 as you saw is near the lower end of where this company's multiple has been so I think a multitude of factors will lift its forward PE multiple higher next year if it goes up to 10 then it could lift the stock price up to $128 per share if the forward PE multiple Rises to 13 that could lift the share price to $166 per share in the event the forward PE multiple doubles to 16 that could lift the stock price over $200 per share to $25 per share so I see significant upside here for Micron Technology stock but where is my base case where do I think it's the most likely to end up next year well I think the forward PE multiple Rises close to 10 next year and I think the share price Rises to a range of between $125 per share to $135 per share by the end of next year of course as you saw I used several estimate and assumptions to make this prediction and Target so this should be for informational purposes only incorporate this into your analysis but do significantly more due diligence to determine whether or not you think Micron is the right investment for you of course my channel members on the investor tier get access to these stock price predictions and my stock recommendation list and my discounted cash flow valuation models so if you want access to those just join as a member on the investor tier
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