Prediction: Micron Will Hit $1,400 in 2027. Here's the Math.
This memory chip stock has soared in recent years.
Overview
Micron Technology (NASDAQ: MU) has been one of the biggest artificial intelligence (AI) winners in recent times -- from an earnings and stock performance perspective. The company has seen revenue skyrocket amid demand for its memory solutions, and the stock has advanced 1,300% over the past three years. In the first half of this year, it climbed 300% and now trades at more than $900.
My prediction is Micron will reach $1,400 as early as next year -- here's the math.
Image source: Micron Technology.
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.