Where Will Micron Technology Be in 5 Years?

Because it's a cyclical stock, predicting where Micron (NASDAQ: MU) will trade five years from now is a difficult task. By that time, worries about the effects of the COVID-19 pandemic will probably be just a memory, and the company could face challenges that neither analysts nor the company itself could imagine.

Either way, companies like Micron tend not to make for profitable long-term investments due to their cyclical nature. Rising demand should help boost Micron stock over time. However, with price cycles likely to remain amid the relentless drive to improve the technology, much remains unknown about where Micron stock will trade five years from now. Having said that, there are still some things we can infer about the company's potential future.

The one thing investors can probably assume is that memory price cycles will remain in place. If history serves as a guide, memory prices will continue to fluctuate, and the price of Micron stock will likely follow suit.

Source Fool.com