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Micron (MU) stock has rallied significantly, rising about 242% over the past six months. Despite this steep run, Micron’s valuation still looks attractive and remains low relative to its earnings trajectory, suggesting further upside potential in the stock.
Notably, Wall Street’s highest 12-month price target for MU stock is $500. With the shares recently closing at $420.95 and up more than 47% year-to-date (YTD), reaching that target would represent an additional gain of about 16%. Given the company’s earnings momentum, low valuation, and the current strength of the memory cycle, that level of upside appears attainable.
