Where Will Micron Technology Stock Be in 3 Years?
A $1,000 investment made in Micron Technology (NASDAQ: MU) stock three years ago is worth just $1,140 right now, as shares of the memory specialist have underperformed the broader semiconductor sector by a big margin.
Micron's 14% jump during this period has been eclipsed by the impressive 58% gain clocked by the PHLX Semiconductor Sector index. That isn't surprising, given that the chipmaker has struggled on account of an oversupply in the memory market, which led to a decline in its revenue and earnings in recent years.
Source Fool.com
Micron Technology Inc. Stock
€117.66
0.360%
Our community is currently high on Micron Technology Inc. with 73 Buy predictions and 5 Sell predictions.
As a result the target price of 119 € shows a slightly positive potential of 1.14% compared to the current price of 117.66 € for Micron Technology Inc..
