Analysis of Micron Technology Stock: Insights and Growth Catalysts
Tuesday, 23 April 2024, 17:00
Micron Technology: Upward Momentum
Micron sees revenue reaching new heights next year, showing a strong performance despite market challenges.
Fundamentals in Focus
Citigroup's analyst maintains a buy rating due to solid business fundamentals and a projected 37% price upside from current levels.
- AI servers driving growth
- Revenue jump of 58% year over year
- Positive outlook for memory and storage technologies
- Historically attractive P/E ratio
- Potential to meet target within 12-18 months
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