George, would it still be worthwhile to start a position for MU now or is it too late at this point? I know you predict an upside of 22% from where we are today. Do you think the target price is likely to go even higher or is this the ceiling of the stock for a while now?
Yes, I think it is still worth it. My $480 was my conservative base case, but as the thesis validates and we get more data (as we are right now), I will refresh the model and most likely the target price will get higher. Just bear with me a bit as I am working on others at the moment :)
George, would it still be worthwhile to start a position for MU now or is it too late at this point? I know you predict an upside of 22% from where we are today. Do you think the target price is likely to go even higher or is this the ceiling of the stock for a while now?
Yes, I think it is still worth it. My $480 was my conservative base case, but as the thesis validates and we get more data (as we are right now), I will refresh the model and most likely the target price will get higher. Just bear with me a bit as I am working on others at the moment :)