The article was written by Motek Moyen ResearchSeeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
Micron’s stock is down -21.23% from its 52-week high of $61.19.
The predictive algorithm of I Know First still gives a super bullish one-year forecast score of 339.66 for MU.
The technical indicators-centric artificial intelligence platform of WalletInvestor has a one-year price target of $64.878 for Micron’s stock.
My one-year price target for MU stock is $65. This is due to tailwinds from gaming smartphones/computers and increased need for data center storage and RAM.
No thanks to COVID-19, work-from-home is the new normal even after most countries lift their quarantine and travel bans.
Micron Technology Stock Forecast : 13.61% Gain In 30 Days
Since the forecast was made on October 23rd, 2014, Micron Technology stock has increased 13.61%. Micron Technology has positive investment measures, including robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and expanding profit margins. Since the same time last year, the return on equity has increased, signaling significant strength within the corporation. This factor, along with a 45.85% gross profit margin, also considered to be strong, mean Micron Technology stock should continue to increase even though it has already increased 74.87% since a year ago. Read the full forecast that was published 3 months ago HERE.
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