Should You Buy Micron Technology Stock Below $920 per Share? Wall Street Thinks It's Heading to $1,500.

Key Points The memory chip market remains supply-constrained. Micron trades at an attractive valuation level. 10 stocks we like better than Micron Technology › Micron 's (NASDAQ: MU) 52-week high is around $1,250, but recently it was priced at less than $920 per share. However, if you take a look at where Wall Street thinks it's going, the average one-year price target on the stock is about $1,500. That's substantial upside from here, and makes Micron an easy buy if they're right. But are they? Let's take a look. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Image source: The Motley Fool. Pricing Micron's stock isn't easy Micron is growing at an unreal pace. During the last quarter, revenue and profits skyrocketed. MU Revenue (Quarterly YoY Growth) data by YCharts That trend is expected to continue, with next quarter's revenue growth projected to be about 349%. All of this is occurring because of heightened demand for memory chips, which Micron manufactures. The AI data center build-out trend has consumed nearly all production capacity for memory chips. There is still more demand than what's available, so prices are rising as a result. This one-two punch is helping boost Micron's results, but the question is, how long will it last? If you knew the answer to that, you'd be a very rich investor because you'd be able to time Micron's movements up and down perfectly. Micron is known as a cyclical business because demand for its products goes up and down. These cycles last for different time periods, but it's pretty well agreed that this cycle is probably the longest and biggest that Micron has experienced. In fact, Wall Street analysts expect Micron's revenue growth for fiscal year 2027 (ending August 2027) to be 85%. That showcases there's still plenty of growth left in Micron's tank, yet the stock is priced at a fairly low valuation. Micron trades for 12.4 times this year's earnings and 5.9 times FY 2027's earnings. MU PE Ratio (Forward) data by YCharts For reference, the minimum trailing price-to-earnings ratio over the past decade was 21.8, but its lowest point was 2.4. Those are some wide-ranging results, and if you're caught on the wrong side of things, Micron could turn out as a bust. However, I think it's a safe investment throughout 2027, as there are still significant supply constraints hurting the industry. With more capacity coming online next year, it may help stabilize prices, but there's still no guarantee that Micron will have enough capacity to meet demand. As a result, I think Micron's stock is a solid buy, but investors need to keep a watchful eye on industry conditions . Should you buy stock in Micron Technology right now? Before you buy stock in Micron Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Micron Technology wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $421,943 !* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,382,819 !* Now, it’s worth noting Stock Advisor’s total average return is 983 % — a market-crushing outperformance compared to 216% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor , and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 15, 2026. Keithen Drury has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy .

Micron 's (NASDAQ: MU) 52-week high is around $1,250, but recently it was priced at less than $920 per share. However, if you take a look at where Wall Street thinks it's going, the average one-year price target on the stock is about $1,500. That's substantial upside from here, and makes Micron an easy buy if they're right.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Micron is growing at an unreal pace. During the last quarter, revenue and profits skyrocketed.

That trend is expected to continue, with next quarter's revenue growth projected to be about 349%. All of this is occurring because of heightened demand for memory chips, which Micron manufactures.

The AI data center build-out trend has consumed nearly all production capacity for memory chips. There is still more demand than what's available, so prices are rising as a result. This one-two punch is helping boost Micron's results, but the question is, how long will it last? If you knew the answer to that, you'd be a very rich investor because you'd be able to time Micron's movements up and down perfectly.

Micron is known as a cyclical business because demand for its products goes up and down. These cycles last for different time periods, but it's pretty well agreed that this cycle is probably the longest and biggest that Micron has experienced. In fact, Wall Street analysts expect Micron's revenue growth for fiscal year 2027 (ending August 2027) to be 85%. That showcases there's still plenty of growth left in Micron's tank, yet the stock is priced at a fairly low valuation.

Micron trades for 12.4 times this year's earnings and 5.9 times FY 2027's earnings.