Is Micron Technology a Buy?
Memory chip maker Micron Technology (NASDAQ: MU) is grooving nowadays. The stock more than doubled in 52 weeks, including a 27% surge in the last month alone.
It's fun to see a longtime favorite stock post record share prices and return to valuation ratios not seen since the height of the dot-com bubble, but will Micron shares stay at these lofty heights? Is Micron's stock surge built on solid ground or shifting sand?
I'm not so sure, actually.
Source Fool.com
Micron Technology Inc. Stock
€115.20
-1.420%
Currently there is a rather positive sentiment for Micron Technology Inc. with 75 Buy predictions and 5 Sell predictions.
With a target price of 119 € there is a slightly positive potential of 3.3% for Micron Technology Inc. compared to the current price of 115.2 €.
