This caused the company to disappoint most analysts with its revenue for the November quarter. All these uncertainties make predicting a stock price extremely difficult. But meanwhile, the company is forced to deal with weak prices for certain memory products. That brings us back to your question. Remember, guessing at a future stock price is tricky business, unless you have a crystal ball.
Any attempt is just a guess.
For instance, Micron was trading at about 17 times its past 12-months of earnings as of early February. But beware, this estimate goes out the window if investors begin to pay up for chip-makers' stocks again, which is very possible. It also could be much too low if the chip cycle recovers faster than analysts currently expect. For more information on forecasting stock prices for tech stocks, I suggest you pick up a copy of The Big Tech Score , by Mike Kwatinetz. The former head of Credit Suisse First Boston's equity technology group gives a number of solid pointers.