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Micron's stock has had a strong run, and the industry is known for its cycles, but the company's solid fundamentals and strategic positioning make it a compelling investment for those with a long ...
The market could reward this acceleration with more stock price upside, so it would be a smart move to buy Micron right away as it is trading at an attractive 18 times forward earnings.
July 10, 2024 at 3:37 AM. Fool.com contributor Parkev Tatevosian highlights three things every Micron Technology(NASDAQ: MU) stock investor should know before deciding to buy this investment ...
Higher memory prices should be a tailwind for Micron. Micron's revenue in the second quarter of fiscal 2024 (which ended on Feb. 29) jumped 58% year over year. ... Though Micron stock has jumped ...
Micron Technology, Inc. Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products, including the Ballistix line of memory modules, are marketed under the Crucial brand.
This led to an amazing run-up in the company's share price. Last July, Micron stock was at a 52-week low of $60.50. Fast-forward a year, and shares more than doubled to hit a high of $157.54 in June.
The increase to MU stock comes after a price target increase from Nomura Instinet analyst Romit Shah. In his letter to clients, Shah increased his price target for the stock from $55 to $100.
The answer is no. I think there's more upside ahead for Micron investors. The cyclical nature of the industry means a downturn is inevitable, possibly within the next two to three years -- but ...