how microns stock can reach $50

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Is Micron Technology a good investment?

Micron Technology Inc (MU) Micron stock is not a buy right now. It needs to form a new base in the right market conditions before setting a potential buy point.

Why is Micron stock down?

Micron Technology stock was sliding Monday after the memory chip provider got its second downgrade in less than two weeks despite being one of the cheapest stocks in the market.

Will Micron Technology stock go up?

The 31 analysts offering 12-month price forecasts for Micron Technology Inc have a median target of 80.00, with a high estimate of 110.00 and a low estimate of 50.00. The median estimate represents a +49.11% increase from the last price of 53.65.

Is Micron undervalued?

After factoring in cyclicity risks with this business, as per our base case, MU's equity is worth ~$95M (intrinsic share value of $85) i.e., it is undervalued by 21%.

Micron Stock Forecast

Micron historically focused on providing DRAM for PCs and servers. The firm then expanded into the NAND flash memory market. The company increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016).

Survey Says

Micron trades around $79.45 at the time of publishing, off the 52-week low of $31, and 60% of Benzinga traders said Micron would indeed reach $200 per share by 2022.