Micron Technology, Inc. (MU) Hit a 52 Week High, Can the Run Continue?

A strong stock as of late has been Micron (MU). Shares have been marching higher, with the stock up 25.6% over the past month. The stock hit a new 52-week high of $214.75 in the previous session. Micron has gained 145.7% since the start of the year compared to the 24.5% gain for the Zacks Computer and Technology sector and the 74.4% return for the Zacks Computer - Integrated Systems industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on September 23, 2025, Micron reported EPS of $3.03 versus consensus estimate of $2.86 while it beat the consensus revenue estimate by 0.47%.For the current fiscal year, Micron is expected to post earnings of $16.58 per share on $53.27 in revenues. This represents a 100% change in EPS on a 42.51% change in revenues. For the next fiscal year, the company is expected to earn $18.57 per share on $60.71 in revenues. This represents a year-over-year change of 12.01% and 13.97%, respectively.Valuation MetricsThough Micron has recently hit a 52-week high, what is next for Micron? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.Micron has a Value Score of B. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 12.5X current fiscal year EPS estimates, which is not in-line with the peer industry average of 22.9X. On a trailing cash flow basis, the stock currently trades at 13.6X versus its peer group's average of 23.1X. Additionally, the stock has a PEG ratio of 0.44. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, Micron currently has a Zacks Rank of #1 (Strong Buy) thanks to a solid earnings estimate revision trend.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Micron fits the bill. Thus, it seems as though Micron shares could have potential in the weeks and months to come.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Micron Technology, Inc. (MU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks