Investor Ross Gerber of the investment firm Gerber Kawasaki on Monday laid out a bullish valuation case for Micron Technology Inc (NASDAQ:MU) using a “simple” math price-to-earnings (P/E) multiple calculation.
Micron’s Huge Potential Growth
In a post on X, Gerber said that strong earnings growth could push MU shares sharply higher over the next two years.
He explained this in a simple math calculation by saying that “Expectations are for $57 in eps for 2026 and over $100 in eps for 2027. Apply market multiple to $57, let’s say 20 times. You get… $1140 per share. “
Gerber’s calculation of $1140 per share is based on the P/E multiple of 20 times multiplied by the projected 2026 EPS of $57. This price represents a substantial 43% potential upside to the price of $795.33 on May 11.
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