$Micron Technology(MU)$ Micron-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Micron Technology(MU)$ Micron Technology (MU) stock is currently considered a strong buy by analysts, with an average 12-month price target of $149.2, representing a potential increase of over 64% from its current price of around $90. The highest price target is set at $225, reflecting significant confidence in the stock’s potential for growth in 2024. This optimism is supported by projections of strong revenue growth, with estimates suggesting an increase from $25.82 billion in 2024 to $39.70 billion in 2025, alongside a projected EPS growth from $1.26 to $9.71 over the same period. Several firms, including Bank of America and Cantor Fitzgerald, have recently raised their price targets, highlighting Micron’s potential as an undervalued stock in the memory and storage sectors. This sentiment suggests that Micron is well-positioned to benefit from the anticipated recovery in demand for memory products and improved profitability, making it a compelling investment opportunity for the upcoming year.

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