Is Micron Turning Into a Steadier Growth Stock?
Micron Technology (NASDAQ: MU) stock has rocketed more than 755% in the past year. Memory chips are now one of the biggest, if not the biggest, bottlenecks in the artificial intelligence (AI) build-out. This has boosted memory prices and sent Micron's earnings soaring.
The stock's forward earnings multiple of 14 is expensive relative to Micron's historical trading range, where it usually trades at under 10 times forward earnings. But this higher valuation could still be attractive if the company can avoid past boom-and-bust cycles and deliver more sustainable growth. Management has a promising strategy to solve it.
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Source Fool.com
Micron Technology Inc. Stock
€749.00
-2.080%
With 159 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1297 € there is a hugely positive potential of 73.16% for Micron Technology Inc. compared to the current price of 749.0 €.
