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Micron Technology (NASDAQ: MU) traded at $400.77 Thursday morning, bouncing 5.55% off the prior close after an 8.46% one-month pullback tied to geopolitical-driven semiconductor selling. The 12-month run has been extraordinary: +340.89% from $90.90 a year ago. The question investors are asking is whether this dip is a gift or a warning.
The 24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $400.77 |
| 24/7 Wall St. Price Target | $316.13 |
| Upside/Downside | −21.12% |
| Confidence Level | 90% |
Our $316.13 price target sits below the current price, reflecting valuation stretch. The fundamental story remains compelling, so consider this target one datapoint among…
