Is It Too Late to Buy Micron Stock?

• Micron stock up 150% YTD despite 40% pullback since June. • Trading at 4.2x forward earnings, well below historical averages. • Strong demand and 75%+ FY2027 shipments already committed. Micron’s shares have surged over 150% year-to-date yet dropped 40% since June. At 4.2x forward earnings, the stock is cheap even for a cyclical name. Revenue rose 4.8x and GAAP earnings 11.8x YoY, with over 75% of FY2027 shipments already booked. CEO sees future humanoid-robot demand as another multi-decade tailwind. All but one analyst rate the shares a buy, with average 12-month targets implying >100% upside.