Quick Read – MU has surged 722% in one year to $1,048, but our model rates it a SELL with an $890 target implying 15% downside. – CEO Mehrotra executed 63 insider sales in May at prices between $942 and $979, the loudest warning sign against chasing shares higher. – Q3 earnings…
ushed estimates by 18% with gross margins hitting 85%, yet the stock has already priced in two years of perfect execution. – Micron Technology (NASDAQ:MU) has climbed from roughly $127.60 a year ago to past $1,048 as the AI memory cycle accelerated. After a blowout fiscal Q3, our proprietary model says the easy money has already been made
Our 24/7 Wall St. price target for Micron is $889.73, implying 15.14% downside from the current $1,048.51 level. We rate shares a sell with high confidence (90%). The trailing valuation is fully extended, insider selling has been unusually heavy at peak prices, and the forward setup leaves limited room for a positive surprise. 24/7 Wall St.
Price Target Summary A Note Before We Begin Our 24/7 Wall St. price target of $889.73 sits below where Micron trades today. Real upside could come from HBM4E scaling to volume production in calendar 2027 or fresh multi-year Strategic Customer Agreements extending revenue visibility well past fiscal 2027. Consider our target one datapoint among many.