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Where Will Micron Stock Be in 2030?
['Daniel Sparks', 'The Motley Fool', 'August', 'Min Read']
Yahoo Finance
Micron's market value stood near $988 billion at Thursday's close, and the stock would need a climb of more than 40% to revisit its high of $1,255.
Continue »So, where could the stock realistically be in 2030?
Operating cash flow was $25.4 billion, up from $11.9 billion the prior quarter and $4.6 billion in the year-ago period.
And even after $7.1 billion of capital expenditures, Micron generated $18.3 billion of adjusted free cash flow in a single quarter.
Annualize that guided pace, and Micron is running at about $123 of earnings per share.