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. Stock
€750.10
-3.590%
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1297 € shows a very positive potential of 72.91% compared to the current price of 750.1 € for Micron Technology Inc..
