Micron’s Stock Goes From $103 to $365: Why AI-Fueled Rally Still Has Room to Run
In mid-January 2025, we tagged Micron Technology (NASDAQ:) as one of the best AI stocks to hold in 2025. At the time, MU stock was priced at $103.21 per share against its current price of $365.00, representing an impressive 251% profit-taking opportunity.
Despite a trailing price-to-earnings (P/E) ratio of 34.48, Micron trades at a forward P/E of just 11.45. This is well below the semiconductor industry’s average forward P/E of 37.29.
At its current price level of $362.75, MU stock exceeds its average price target of $350.46, according to aggregated forecasts of 45 analysts collected by the Wall Street Journal. On the low end outlook of $107, MU shares could end up just slightly higher from a year-ago price, while the ceiling price…
