Is It Too Late to Buy Micron Technology Stock?
Memory chip maker Micron Technology (NASDAQ: MU) has a hot hand right now. Micron's stock is trading near all-time highs, having gained 48% in 2024 and 93% in the last 52 weeks. The current artificial intelligence (AI) boom poured nitro on Micron's growth fires, boosting this stock chart into the stratosphere. Modern AI systems use a ton of memory and solid-state storage. As a leading supplier of those chips, that's good news for Micron and its shareholders.
Longtime shareholders can celebrate some game-changing long-term returns. The stock has more than doubled the S 500 index's gains over the last decade. But would this be a good time to start a new position in Micron?
Let's see how much room there is for further Micron gains at this point.
Source Fool.com
Micron Technology Inc. Stock
Our community is currently high on Micron Technology Inc. with 72 Buy predictions and 5 Sell predictions.
As a result the target price of 112 € shows a slightly positive potential of 7.36% compared to the current price of 104.32 € for Micron Technology Inc..
