Micron Technology Stock Has 21% Upside, According to 1 Wall Street Analyst
Shares of Micron Technology (NASDAQ: MU), a leader in memory and storage for PCs and servers, are up 74% over the last 12 months, but one analyst sees more upside in the near term.
Stifel analyst Brian Chin recently upgraded the stock to a buy rating and also raised the price target to $120, representing 21% upside over the current share price of $99.
As data centers make necessary component upgrades to support artificial intelligence (AI) requirements, it increases the need for high-bandwidth memory, and this is reflected in Micron's latest financial results.
Source Fool.com
Micron Technology Inc. Stock
Our community is currently high on Micron Technology Inc. with 100 Buy predictions and 6 Sell predictions.
As a result the target price of 110 € shows a positive potential of 39.51% compared to the current price of 78.85 € for Micron Technology Inc..