3 Red Flags for Micron Technology's Future
It has been a tough year for (NASDAQ: MU). The memory chipmaker's stock closed at its all-time high last January, but subsequently tumbled more than 30% as investors fretted over the cyclical slowdown of the semiconductor market.
But even after that steep pullback, Micron still doesn't seem like a screaming bargain at 46 times forward earnings and five times this year's sales. These three bright red flags could also prevent value-seeking investors from rushing back.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Stock
€105.04
-2.580%
The stock is one of the favorites of our community with 94 Buy predictions and 4 Sell predictions.
As a result the target price of 137 € shows a positive potential of 30.43% compared to the current price of 105.04 € for Micron Technology Inc..
