Micron Hits New Highs, Here’s What Smart Investors Are Doing

1 hour ago 1

Vandita Jadeja

Thu, June 25, 2026 astatine 10:51 AM CDT 5 min read

Quick Read

MU has surged 722% successful 1 twelvemonth to $1,048, but our exemplary rates it a SELL with an $890 people implying 15% downside.
CEO Mehrotra executed 63 insider income successful May astatine prices betwixt $942 and $979, the loudest informing motion against chasing shares higher.
Q3 net crushed estimates by 18% with gross margins hitting 85%, yet the banal has already priced successful 2 years of cleanable execution.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

Micron Technology (NASDAQ:MU) has climbed from astir $127.60 a twelvemonth agone to past $1,048 arsenic the AI representation rhythm accelerated. After a blowout fiscal Q3, our proprietary exemplary says the casual wealth has already been made.

Our 24/7 Wall St. terms people for Micron is $889.73, implying 15.14% downside from the existent $1,048.51 level. We complaint shares a merchantability with precocious assurance (90%). The trailing valuation is afloat extended, insider selling has been unusually dense astatine highest prices, and the guardant setup leaves constricted country for a affirmative surprise.

24/7 Wall St. Price Target Summary

A Note Before We Begin

Our 24/7 Wall St. terms people of $889.73 sits beneath wherever Micron trades today. Real upside could travel from HBM4E scaling to measurement accumulation successful calendar 2027 oregon caller multi-year Strategic Customer Agreements extending gross visibility good past fiscal 2027. Consider our people 1 datapoint among many. A elaborate bull lawsuit appears below.

A Historic Run Built connected a Blowout Quarter

Micron's terms enactment has been extraordinary. Shares are up 267.54% YTD, 721.72% implicit 1 year, and 39.62% successful the past month.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

The trigger was Q3 FY2026 net released June 24: gross of $41.46B versus $35.25B consensus, a 17.60% bushed and +345.7% YoY, with non-GAAP EPS of $25.11 versus $20.28 expected. GAAP gross borderline deed 84.6%, a 46.9 constituent YoY expansion.

CEO Sanjay Mehrotra called the results grounds of "the strategical worth of representation successful the AI era." Q4 guidance of $50B successful gross and $31 EPS astatine the midpoint suggests momentum continues. Shares present beryllium conscionable 16% beneath the 52-week precocious of $1,213.56.

Why Bulls See a Breakout Ahead

Bulls person ammunition. 39 of 44 analysts complaint MU a buy, with a statement people of $1,022.92. HBM4 is already successful high-volume shipments to the pb customer, and HBM4E measurement accumulation is teed up for 2027. Free currency travel deed $18.30B successful Q3 alone, up 995% YoY, and absorption approved a 30% dividend increase.

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