Can Micron Technology Stock Really Double?

Micron Technology (NASDAQ: MU) stock has underperformed the broader market so far in 2021, but Wall Street expects the memory specialist to soar remarkably in the coming year. Analyst Hans Mosesmann of Rosenblatt Securities has a one-year price target of $165 on Micron stock, which is more than double its current value.

The good news for Micron investors is that Mosesmann's price target doesn't appear to be overly ambitious. The chipmaker can easily clock high rates of revenue and earnings growth and deliver more stock upside. Let's see why that may be the case.

Image source: Getty Images.

Continue reading

Source Fool.com