Is 126 a good price for MU

The price of Micron Technology (MU) stock can be considered good based on several factors:

1. **Intrinsic Value**: The intrinsic value of one MU stock under the Base Case scenario is $124.6 USD, which is lower than the current market price of $129.49 USD. This suggests that the stock may be overvalued by approximately 4%.
2. **Analyst Ratings**: Micron Technology has an average brokerage recommendation (ABR) of 1.15, which is between Strong Buy and Buy. This indicates that analysts are generally optimistic about the stock's future performance.
3. **Market Performance**: Micron Technology's stock has shown strong performance with a significant year-to-date return of 42.20% as of the end of June 2024. This indicates positive market sentiment towards the company.
4. **Earnings Growth**: The company has shown strong earnings growth with a net income growth rate of 117.51% and a revenue growth rate of 81.53%. This suggests that the company is growing rapidly, which could be reflected in the stock price.

However, it's important to consider that stock prices are subject to market fluctuations and can be influenced by factors such as market conditions, industry trends, and investor sentiment. Therefore, while $126 may be considered a good price based on certain metrics, it's essential to conduct a comprehensive analysis that takes into account the company's financial performance, market conditions, and personal investment goals before making an investment decision.