Is It Too Late to Buy Micron Stock?
Micron has pulled back sharply from its highs, but the buying window is still open.
Micron Technology's stock is currently trading at a low valuation, trading at only 4.2 times forward earnings. Despite a steep sell-off over recent months, the company has seen impressive year-to-date growth of more than 150%. Revenue surged by roughly 4.8 times year-over-year in the quarter ending September 3, 2026, and GAAP earnings grew even faster, increasing 11.8 times year-over-year.
COO Manish Bhatia noted strong demand drivers, with over 75% of Micron's shipments already committed for fiscal year 2027. CEO Sanjay Mehrotra hinted at a potential sustained demand cycle for memory chips due to humanoid robots. Of the 29 analysts who rated Micron over the past three months, all but one recommended buying the stock, with the average 12-month price target indicating over 100% upside potential.
The verdict? It's not too late to buy Micron stock. Analysts believe it's a compelling opportunity, and The Motley Fool's Stock Advisor highlights it among the 10 best stocks to buy right now.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
