$Micron Technology(MU)$ My opi

$Micron Technology(MU)$ My opinion on MU at current price level ($103). The stock blasted through earnings expectations, proving resilient fundamentals that will support high growth rates going forward. Moreover, the overall market is in a stable bullish trend going out of September (a month historically associated with weak market returns). Under my estimates, the stock has an upside to about $135-140 right now within the short-to-medium term, depending on overall bullish sentiment. This represents an upside of 34%-36%. On the other hand, we have this whole worry about the port strike, which could easily translate into a 5-8% additional downside from current price levels. Depending on your investment horizon and portfolio positioning, you should consider adding MU exposure, unless you have already bought in.

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