MU → $594.00 by Dec 15, 2026.

The market is asking a lot from Micron Technology. At $924.03, today's price only works in my model if cash flow grows about 20.2% a year for the next 10 years. Recently, reported FCF fell about 18.8% a year (FY2022-FY2025). The hurdle uses unlevered cash flow; the historical figure above measures reported FCF. Two operating details behind the valuation: \\- Q3 FY2026: Micron Technology's latest-quarter revenue grew 346% year over year, compared with 196% year-over-year growth in the previous reported …