Micron (NASDAQ:) stock is up over 3% in premarket today after analysts weighed in positively on the company after yesterday’s Investor Day.

Micron also updated with other information. Micron expects the memory/storage industry to double in 2030, from $161 billion by 2021 to $330 million by 2030.

Rosenblatt’s Hans Mosesmann noted that “Industry memory and storage dynamics continue to outpace overall semiconductor growth (increasing % of the overall mix), as data growth transforms the world driven by the digital economy, hyper connectivity, and AI/ML.”

Evercore ISI’s C.J. Muse added that “the clear focus was on product, technology, and manufacturing leadership that is enabling the company to deliver better than-industry top-line growth and sustained through-cycle free cash flow margins.”

The analyst noted that “a lot of bad news already embedded in Micron shares” with the current stock price ($67.71) seen as “a steal.”

ToshiyaHari, an analyst at Goldman Sachs, reiterated his Buy rating. This was because he left the conference with a deeper appreciation of the company. However, he recognizes the risks that face the company.

“Supply/demand dynamics and implications for pricing, earnings power, and FCF generation will likely remain top of mind for investors in the near-term, and if anything, we expect any bias to near-term estimates to be to the downside given potential pricing headwinds stemming from weakness in the smartphone, PC, and to a lesser extent, server end-markets, per our recent industry checks,” said Hari in a client note.

By Senad Karaahmetovic