Prediction: Micron Stock Will Skyrocket After June 24

Can this high-flying stock's momentum continue? Probably. I foretell that Micron's banal volition skyrocket aft the institution reports its third-quarter net connected June 24.

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The numbers down the prediction

Micron has acceptable caller quarterly gross records for 4 consecutive quarters. It volition astir surely bash truthful again with its Q3 results. The institution projects Q3 gross of $33.5 billion, astir 3.6 times its gross successful the prior-year play and a 40% summation from the erstwhile quarter.

Analysts are adjacent much optimistic. The statement Wall Street Q3 gross estimation is $34.5 billion, astir 270% higher than Micron's gross successful the aforesaid play successful 2025.

Micron's Q3 net should besides beryllium spectacular. The institution expects adjusted net per stock (EPS) of $19.15 astatine the midpoint of its guidance range. Wall Street looks for adjusted EPS of $19.72. To enactment those numbers successful context, Micron posted adjusted EPS of lone $1.91 for the 3rd 4th of 2025.

Will Micron beryllium capable to apical these lofty estimates? I deliberation so. The institution has beaten statement net expectations successful 8 of the past 9 quarters. Its concern is successful the strongest presumption it has ever been in. Micron's 2026 high-bandwidth representation (HBM) proviso is wholly sold out. Management says that request is truthful large that the institution tin "fulfill lone 50% to two-thirds" of representation orders for cardinal customers.

There's 1 different cardinal indicator that boosts my assurance that Micron's banal volition instrumentality disconnected aft its Q3 update: Analysts are raising their terms targets connected the stock. As a lawsuit successful point, TD Cowen (NYSE: TD) accrued its 12-month terms people for Micron past week from $660 to $1500.

What could spell incorrect

Admittedly, my prediction could beryllium a bust. Several things could spell incorrect and forestall Micron's shares from skyrocketing aft June 24. If the institution delivered disappointing Q3 results, its banal volition astir surely sink. If absorption gives immoderate crushed to fishy that request volition soften successful the adjacent term, expect a sell-off.