Don't Get Greedy With Micron Technology, Inc. Stock
Shares of memory chipmaker Micron (NASDAQ: MU) rallied nearly 120% this year as surging demand for memory chips lifted market prices to multi-year highs. But even after that rally, Micron looks surprisingly cheap at six times next year's earnings, and analysts expect its revenue and earnings to respectively rise 23% and 56% this year.
Those numbers make Micron look like a screaming buy, but investors shouldn't get greedy with this stock just yet. Here are four key issues to consider before buying Micron's stock at these historic highs.
Image source: Getty Images.
Source: Fool.com