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.
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.
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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.