Micron Stock Is Up 30% From Its Recent Low. Here's How Much a $5,000 Investment Today Could Be Worth by Next Year, According to Wall Street Analysts.
Can Micron shares keep climbing higher from here?
Overview
Micron Technology (NASDAQ: MU) has taken its shareholders on a roller coaster ride this year. After climbing 325% from the start of the year to late June, shares fell precipitously over the course of about a month. By the end of July, the stock had fallen 39% from its peak. But shares quickly recovered in August, up more than 30% from the July low.
The roller coaster ride isn't over. The stock remains extremely volatile. And investors who have sat on the sidelines watching may be wondering whether the stock is due for another leg up or down from here.
Details
If you were to invest $5,000 in the stock today, analysts think you'd be making a good decision. Here's how much it could be worth a year from now, according to the median price target on Wall Street.
Source
Originally published at www.fool.com.