Micron: All Positives Are Priced In Before Earnings


  • Micron stock rallied 93% since last November due to the company’s impressive renaissance after facing a bit of geopolitical headwinds during the 2022-2023 fiscal years.
  • My analysis suggests that the company is poised to deliver strong quarterly earnings on June 26 with likely positive forward-looking comments from the management.
  • My valuation analysis indicates that all positives are likely priced in, as MU stock is slightly overvalued.

Micron San Jose Office


Investment thesis

I was completely wrong with my “Hold” rating for Micron (NASDAQ:MU) last November because the stock gained 93% since then. The company demonstrated revenue and profitability recovery dynamic much better than expected, and that was the big catalyst

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