Is Micron (MU) Still a Bargain After Crushing Earnings?

Micron (NASDAQ: MU) had a standout quarter in Q4 of 2025. 

To call the earnings report released on September 23 a success would be an understatement — revenue came in at $11.32 billion, handily outperforming estimates of $9.30 billion, while earnings per share (EPS) of $2.86 were decently above analyst expectations, which were pegged at $2.67.

MU has experienced a strong 10.92% bump in price since then, which has brought returns over the last 30 days up to a very attractive 31.44%. That’s all well and good — but is it too late to get in on the action?

Well, the title was a bit of a spoiler — the answer is no. You might also recall that we featured MU in our Hot or Not section last week.

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Let’s talk about some other important reasons why Strong Buy alerts are blaring for this stock…

For one, our proprietary quant rating system, Zen Ratings, has high confidence in Micron — which ranks in the top 4% of the more than 4,600 stocks that we track. This gives it a Zen Rating of A — which has historically corresponded to an average annual return of 32.52%.

Each Zen Rating is a composite that consists of 7 Component Grade ratings. MU is quite well-balanced and ranks highly in several categories.

We already mentioned the present rally — and it won’t come as a surprise that the stellar results of last quarter have shored up the company’s balance sheet. In terms of Momentum, Micron ranks in the top 10% — when it comes to Financials, it’s in the top 15%.

With that said, the question we posed earlier is if it’s too late to get in on the action — and the answer was no, chiefly due to MU’s valuation, which remains quite enticing. Even with the recent surge accounted for, Micron is trading at a price to earnings (P/E) ratio of 25.14x, and a price to earnings growth (PEG) ratio of 0.66x.

Simply put, we’re faced with a great asking price in view of the company’s growth prospects. With regard to Growth, MU is in the 74th percentile — and when looking at Value, it’s in the top 6%.

To further sweeten the pot, Micron is pretty dominant in its wheelhouse — as MU is currently the 2nd highest rated stock in the 70-stock strong Semiconductor industry.

Two noted Wall Street analysts — Timothy Arcuri of UBS and Morgan Stanley’s Joseph Moore (rated in the top 1% and top 2%, respectively), doubled down on Strong Buy ratings last week. Their price targets saw pretty significant hikes — up from $195 to $225, and from $160 to $220. The revised coverage from Arcuri and Moore implies a 16.99% and 14.39% upside.

While we usually like to highlight undercovered stocks that the market hasn’t caught on to yet, this is quite a different situation. By all accounts, this looks like a simple, straightforward, obvious win — and you shouldn’t hesitate when situations like those pop up and are ripe for the taking. 

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