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.

Continue reading


Source Fool.com