Micron's Stock Is Up 861% Over the Past Year. These Analysts See 30% Upside From the Current Price.
The stock is reaching dizzying levels.
Micron's Stock Is Up 861% Over the Past Year. These Analysts See 30% Upside From the Current Price.
Overview
There have been many artificial intelligence (AI) stock winners over the past few years, but Micron Technology (NASDAQ: MU) stands out even among some of the biggest winners. Its share price is up an impressive 861% over the past year alone, a nearly unfathomable return.
What's even more shocking is that many analysts think Micron stock has more room to run, with three of them recently setting price targets of $1,500 for the stock -- a 74% increase from its current price as of this writing.
Details
Here's why they're optimistic and what investors should know about Micron's cyclical memory business.
Source
Originally published at www.fool.com.
Related Articles
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.
