Prediction: Micron Stock Will Double Within 2 Years
Wall Street may be underestimating Micron Technology's upside potential.
Overview
Micron Technology (NASDAQ: MU) has more than tripled this year, and the stock's stunning rally is quite deserving when we consider its incredible pace of growth.
Micron stock has soared amid the booming demand for memory chips and the accompanying supply shortage. The good news is that analysts still believe that there is more upside in store for this memory specialist.
Details
Micron's 12-month median price target of $1,600 suggests a 46% jump from current levels. What's more, almost all the analysts covering Micron rate it as a buy. However, I believe Micron could do much better and soar beyond Wall Street's expectations over the next couple of years.
Source
Originally published at www.fool.com.