How Micron Technology Stock Gained 30% Last Month
Shares of Micron Technology (NASDAQ: MU) rose 30.1% in March 2024, according to data from S&P Global Market Intelligence. Chiefly, the maker of computer memory chips reported stellar second-quarter results, inspiring a 14% jump in a single day.
Micron's report was a game-changer -- but it wasn't exactly a surprise.
Several analysts posted bullish reports and raised their second-quarter expectations before Micron posted its numbers. Micron's exposure to memory demand in the artificial intelligence (AI) market pointed to strong chip demand.
Source Fool.com
Micron Technology Inc. Stock
€119.36
2.050%
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 119.36 € for Micron Technology Inc., so the potential is actually -0.3%.
