Prediction: This Will Be Micron's Stock Price by Late 2027 (Hint: It Implies Big Gains)
Micron stock could return more than 50% over the next year.
Prediction: This Will Be Micron's Stock Price by Late 2027 (Hint: It Implies Big Gains)
Overview
Micron Technology (NASDAQ: MU) has been one of the best performers in the S&P 500 (SNPINDEX: ^GSPC) year to date, with shares up 240%. The stock has become a popular way to participate in the artificial intelligence trade because the company is a key supplier of memory chips.
I think Micron will reach $1,500 per share after the company reports fourth-quarter financial results for fiscal 2027 (which ends in August). That implies 52% upside from the current share price of $990.
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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.
