Micron Technology Stock Has 37% Upside, According to 1 Wall Street Analyst
Shares of Micron Technology (NASDAQ: MU) are currently down 16% since they hit a 52-week high of $130.54 earlier this month. Some investors are concerned about weakness in key markets where Micron supplies its memory and storage products.
However, Citigroup's analyst still sees solid fundamentals in Micron's business. The firm recently maintained a buy rating on the shares with a $150 price target, representing upside of 37% from the April 22 closing price of about $109.
Here's why the analyst believes the stock can move higher within the next year or so.
Source Fool.com
Micron Technology Inc. Stock
€119.06
0.100%
Currently there is a rather positive sentiment for Micron Technology Inc. with 74 Buy predictions and 5 Sell predictions.
On the other hand, the target price of 119 € is below the current price of 119.06 € for Micron Technology Inc., so the potential is actually -0.05%.
