Is Micron Technology Stock a Buy Right Now?
Micron Technology (NASDAQ: MU) is experiencing a significant surge in its memory business, which has driven its stock price up 85% over the last three months.
Micron is a leading supplier of memory chips, including dynamic random access memory (DRAM), that is used in computers, phones, and increasingly data centers. DRAM is basically a commodity product and is highly competitive. The company's recent growth would suggest an opportunity for investors, but it depends on whether data center demand can drive sustainable revenue growth over the long term.
Image source: Micron Technology.
Source Fool.com
Micron Technology Inc. Stock
€205.45
-6.720%
The stock is an absolute favorite of our community with 113 Buy predictions and no Sell predictions.
As a result the target price of 231 € shows a slightly positive potential of 12.44% compared to the current price of 205.45 € for Micron Technology Inc..
