3 Red Flags for Micron Technology's Future
It has been a tough year for (NASDAQ: MU). The memory chipmaker's stock closed at its all-time high last January, but subsequently tumbled more than 30% as investors fretted over the cyclical slowdown of the semiconductor market.
But even after that steep pullback, Micron still doesn't seem like a screaming bargain at 46 times forward earnings and five times this year's sales. These three bright red flags could also prevent value-seeking investors from rushing back.
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Source Fool.com
Micron Technology Inc. Stock
€740.00
-0.870%
With 161 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1293 € there is a hugely positive potential of 74.73% for Micron Technology Inc. compared to the current price of 740.0 €.
