1 Semiconductor Stock With 114% Upside, According to Wall Street
The semiconductor industry is responsible for producing the advanced computer chips found in our digital devices. It also plays a crucial role in the business world by powering data centers.
When the pandemic struck, manufacturing was temporarily shut down across Asia to curb the spread of the virus. Now semiconductor producers like Micron Technology (NASDAQ: MU) are racing to fill supply backlogs amid the added challenge of surging demand.
One Wall Street analytics firm thinks Micron's share price could soar to $165 -- or 114% higher from where it trades today. Yet even if it does, it would still be cheap, at least compared to its peers in the broader sector.
Source Fool.com