Micron Technology (MU +3.50%) reached a market cap of $1 trillion on Tuesday, after receiving a huge upgrade from an analyst. With a new price target of $1,625 from UBS analyst Timothy Arcuri, investors saw more reason to be bullish on this already scorching-hot stock. Entering trading on Wednesday, the stock has soared by around 880% over the past 12 months. That means a $10,000 investment in the company a year ago would now be worth nearly $100,000.
It’s a staggering return. But with an even higher price target, investors may be convinced that it has even more upside still left. Could Micron really still be a bargain buy at its current price?
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Most analysts aren’t nearly as bullish
Analyst price targets…
