Why Micron Stock Popped on Wednesday
Micron Technology (NASDAQ: MU) stock rose 1.5% through 10 a.m. ET Wednesday after the maker of computer memory (DRAM and NAND) received a note of support from investment bank Citigroup.
Citi reaffirmed its buy rating on Micron and reiterated its $175 price target, which may not sound so great. (Same old, same old.) But here's the thing: Micron stock costs only $99 today.
And if Citi is right, it means Micron stock has more than 75% upside.
Source Fool.com
Micron Technology Inc. Stock
€97.98
0.620%
Currently there is a rather positive sentiment for Micron Technology Inc. with 97 Buy predictions and 5 Sell predictions.
With a target price of 127 € there is a positive potential of 29.62% for Micron Technology Inc. compared to the current price of 97.98 €.
