Prediction: Micron Stock Will Skyrocket After June 24
Wall Street analysts are raising their price targets on Micron. Those could be smart moves.
Overview
Even with a recent pullback, Micron Technology's (NASDAQ: MU) stock remains sizzling hot. Shares of the memory chipmaker have soared roughly 750% over the past 12 months. Micron is up more than 250% year to date, ranking it No. 4 among top performers in the S&P 500 (SNPINDEX: ^GSPC).
Can this high-flying stock's momentum continue? Probably. I predict that Micron's stock will skyrocket after the company reports its third-quarter earnings on June 24.
Image source: Micron Technology.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.