Is Micron Technology Stock Still a Buy Near Its All-Time High?
Since the advent of generative AI a little more than a year ago, Micron Technology (NASDAQ: MU) has been in the spotlight. Excitement regarding Micron's future prospects has fueled impressive gains of 94% over the past year (as of this writing), putting the stock within striking distance of yet another all-time high.
The company is a leading supplier of memory (DRAM) and storage (NAND) chips that are essential components in AI processing, making it a beneficiary of these ongoing secular tailwinds.
This leaves investors with a dilemma. After notching 143% gains in roughly 15 months, is Micron Technology stock still a buy? Let's look to see what the evidence reveals.
Source Fool.com
Micron Technology Inc. Stock
€103.42
-2.290%
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 8.3% compared to the current price of 103.42 € for Micron Technology Inc..
