Micron Technology (MU +2.51%) has been one of the top-performing stocks in 2026. Its price jumped from less than $400 per share at the end of the first quarter to almost $1,200 per share by the end of the second quarter. Since then, however, it has retreated, and now sits about 18% below its peak. Overall, that leaves it up by almost 250% year to date.
Investors who missed out on the incredible run-up in the stock price this year may be wondering whether the pullback is a buying opportunity. But at around $990 per share, the stock still looks too expensive for me. I won’t start considering the stock until it trades around $525, based on what we know about the company and its outlook today.
Image source: The Motley Fool.
