Should You Buy Micron Stock Before June 24? History Has a Clear Answer.
Key Points
Micron stock has surged nearly 100% over the last month.
Several Wall Street analysts have upgraded their price targets on Micron ahead of earnings.
Micron recently became a trillion-dollar stock fueled by ongoing demand for artificial intelligence (AI) memory chips.
- 10 stocks we like better than Micron Technology ›
Micron Technology (NASDAQ: MU) is scheduled to report fiscal third-quarter earnings on June 24. Over the past month, Micron stock has surged nearly 100% and crossed the $1 trillion market-cap threshold.
Fueled by a flurry of price-target upgrades from Wall Street analysts, Micron's rally has created widespread excitement among artificial intelligence (AI) investors. Some investors are likely wondering whether now is a good time to jump into Micron stock ahead of the company's upcoming report.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: Micron Technology.
How does Micron stock typically perform after earnings reports?
Between early 2023 and mid-2025, Micron traded in a narrow range with modest post-earnings moves. Interestingly, the company's more pronounced gains occurred between earnings cycles rather than immediately after announcing financial results.
These trends suggest that buying Micron stock right before an earnings event has not historically been the most optimal way to capture upside.
MU data by YCharts
Is Micron stock overvalued?
Even after its parabolic move, I think Micron still trades at a reasonable valuation based on its forward price-to-earnings (P/E) multiple. Given the company's leadership in high-bandwidth memory (HBM) and DRAM chips, Micron's revenue and earnings trajectory should continue to accelerate amid unprecedented infrastructure demand from AI hyperscalers.
MU PE Ratio (Forward) data by YCharts
Although the recent rally prices in a good deal of optimism, I do not think Micron's valuation has stretched excessively. In my eyes -- and those of several analysts on Wall Street -- this leaves room for continued growth if Micron's upcoming results and forward guidance are strong.
Always remember that timing the market is not a winning strategy
Attempting to time an earnings beat is not a sustainable strategy for everyday investors. Stocks can move higher or lower on earnings news regardless of historical momentum.
Instead of trying to catch Micron's exact pre-earnings wave, the more reliable approach is to use dollar-cost averaging over a long-term horizon. For growth stocks like Micron, employing this discipline historically rewards patience far more than short-term timing.
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 $449,393!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,366,006!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 212% 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 June 3, 2026.
Adam Spatacco 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.
Recommended Articles
