Micron Stock at $1,052 Faces 30% Downside Risk as Analysts Flag Overvaluation
Summary
Micron Technology has seen massive stock gains (268% YTD, 763% over the past year) but 24/7 Wall St. issues a SELL recommendation with a $731 price target, implying 30.5% downside. Despite strong fiscal Q2 2026 results ($23.86B revenue, +196% YoY) and bullish HBM demand with allocations sold out into 2027, analysts warn the rally has outpaced fundamentals. The stock recently fell 13.18% in a single session after a 40% monthly gain.
Source
bskyMicron Stock at $1,052 Faces 30% Downside Risk as Analysts Flag Overvaluationbriefly.coKey quotes
· 4 pulledMicron shares are up 268.68% year to date and 763.64% over the past year, with the rally described as outpacing fundamentals.
The current price is $1,051.77 and the 24/7 Wall St. price target is $731, implying -30.5% downside, with a SELL recommendation at 90% confidence.
Fiscal Q2 2026 revenue was $23.86 billion (+196.29% YoY) with non-GAAP EPS of $12.20, and Q3 guidance calls for $33.5 billion revenue and about 81% gross margin.
Bulls cite HBM allocations sold out and order books extending into 2027.
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