Micron Technology Stock To $295?

Our multi-factor assessment suggests that it may be time to buy more shares of MU stock. We have, overall, a positive view of the stock, and a price of $295 may not be out of reach. We believe there is not much to fear in MU stock given its overall Strong operating performance and financial condition. Considering stock’s Moderate valuation, we think it is Attractive.

Below is our assessment:

Don’t get too attached to MU stock, even if you love it. Stocks crash. High Quality Portfolio lets you navigate that risk.

Let’s get into details of each of the assessed factors but before that, for quick background: With $254 Bil in market cap, Micron Technology provides memory and storage products across compute, mobile, storage, and embedded markets, specializing in high-speed, low-latency DRAM semiconductor devices.

[1] Valuation Looks Moderate

This table highlights how MU is valued vs broader market. For more details see: MU Valuation Ratios

[2] Growth Is Very Strong

• Micron Technology has seen its top line grow at an average rate of 20.3% over the last 3 years
• Its revenues have grown 49% from $25 Bil to $37 Bil in the last 12 months
• Also, its quarterly revenues grew 46.0% to $11 Bil in the most recent quarter from $7.8 Bil a year ago.

This table highlights how MU is growing vs broader market. For more details see: MU Revenue Comparison

[3] Profitability Appears Very Strong

• MU last 12 month operating income was $9.8 Bil representing operating margin of 26.2%
• With cash flow margin of 46.9%, it generated nearly $18 Bil in operating cash flow over this period
• For the same period, MU generated nearly $8.5 Bil in net income, suggesting net margin of about 22.8%

This table highlights how MU profitability vs broader market. For more details see: MU Operating Income Comparison

[4] Financial Stability Looks Very Strong

• MU Debt was $15 Bil at the end of the most recent quarter, while its current Market Cap is $254 Bil. This implies Debt-to-Equity Ratio of 8.1%
• MU Cash (including cash equivalents) makes up $10 Bil of $83 Bil in total Assets. This yields a Cash-to-Assets Ratio of 12.4%

[5] Downturn Resilience Is Very Weak

MU has fared much worse than the S&P 500 index during various economic downturns. We assess this based on both (a) how much the stock fell and, (b) how quickly it recovered.

2022 Inflation Shock

• MU stock fell 49.8% from a high of $97.36 on 14 January 2022 to $48.88 on 26 September 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 7 March 2024
• Since then, the stock increased to a high of $253.30 on 10 November 2025 , and currently trades at $226.65

 
2020 Covid Pandemic

• MU stock fell 42.5% from a high of $59.99 on 19 February 2020 to $34.47 on 16 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 16 November 2020

 
2008 Global Financial Crisis

• MU stock fell 88.1% from a high of $14.23 on 12 January 2007 to $1.69 on 20 November 2008 vs. a peak-to-trough decline of 56.8% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 27 June 2013

But the risk is not limited to major market crashes. Stocks fall even when markets are good – think events like earnings, business updates, outlook changes. Read MU Dip Buyer Analyses to see how the stock has recovered from sharp dips in the past.

The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.