Prediction: This Will Be Micron's Stock Price by Late 2027 (Hint: It Implies a Big Move)
Micron stock could nearly double by late 2027 as the memory chip shortage continues.
Overview
Micron Technology's (NASDAQ: MU) stock is up nearly 700% in the past year. The semiconductor company is currently benefiting from an unprecedented supply shortage in memory chips driven by demand for artificial intelligence infrastructure.
I predict Micron stock will hit $1,875 per share after the company reports financial results for fiscal 2027, which will happen sometime in September 2027. That implies about 91% upside from the current share price of $982. Here's my rationale.
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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.