Don't Get Greedy With Micron Technology, Inc. Stock
Shares of memory chipmaker Micron (NASDAQ: MU) rallied nearly 120% this year as surging demand for memory chips lifted market prices to multi-year highs. But even after that rally, Micron looks surprisingly cheap at six times next year's earnings, and analysts expect its revenue and earnings to respectively rise 23% and 56% this year.
Those numbers make Micron look like a screaming buy, but investors shouldn't get greedy with this stock just yet. Here are four key issues to consider before buying Micron's stock at these historic highs.
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Source: Fool.com
Micron Technology Inc. Aktie
778,00 €
0,30 %
Überwältigendes Buy-Interesse bei Micron Technology Inc., mit einer hohen Anzahl von Buy- und wenigen Sell-Einschätzungen.
Das Kursziel von 1297 € für Micron Technology Inc. bedeutet eine deutliche Steigerung von über 50% gegenüber dem aktuellen Kurs von 778.0 €.
