Micron's Upcoming Cash Glut Likely to be Used on Buybacks
Dow Jones
23 hours ago
1234 ET - Micron will generate an estimated $380 billion in free cash flow in 2027 and 2028 which will likely be heavily used for stock buybacks, UBS says in a research note. At the current stock price, that could allow the company to repurchase some 20% to 30% of its shares between now and then, the analysts say. They are slightly lowering their estimates for EPS in 2029 to $121 and, discounting it back a year, maintain a price target of $1,625. UBS also maintains its buy rating. Micron surges 16% to $1,214.94. (dean.seal@wsj.com)
(END) Dow Jones Newswires
June 25, 2026 12:34 ET (16:34 GMT)
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