Is Micron Technology Stock Going to $1,500? The Bull Case Is Stronger Than You Think.
Surging demand for memory and rising prices are pushing Micron's sales and earnings higher.
Overview
Even with its impressive 740% return over the past 12 months, some analysts believe Micron Technology (NASDAQ: MU) could still go higher. Three analysts recently raised their price targets for the stock to $1,500, representing a 45% increase from its current price, as of this writing.
Here's why this bull case for Micron stock is rooted in reality and why now could be a good time to buy shares despite their recent volatility.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.