MU

[dealmaker]

The Hot Stock: Micron Soars 8.8%
By
Teresa Rivas
March 12, 2018 4:59 p.m. ET


Shares ofMicron Technology(MU) jumped to the top of the S&P 500 on Monday, following a bullish analyst note.

ILLUSTRATION:MICRON TECHNOLOGY
Micron rose $4.78, or 8.8% to $59.37. The S&P 500 slid 3.55 points, or 0.13%, to 2783.02.

Instinet's Romit Shah reiterated a Buy rating on the stock and nearly doubled his target price on Micronto $100. He writes that the stock is "in the early stages of another major breakout," after a recent period of consolidation.

Micron is up 44.4% year to date, and up 135.8% in the past 12 months.

https://www.barrons.com/articles/the-hot-stock-micron-soars-8-8-1520888369

 

[S2007S]

I remember when no wanted this stock....it was not even a stock you wanted in your portfolio, now everyone is jumping into buy it like it's the newest and best semiconductor play. The semiconductor index is one of the most over heated sectors on wallstreet. Consistently new highs week after week.

 

[JSOP]

I remember when no wanted this stock....it was not even a stock you wanted in your portfolio, now everyone is jumping into buy it like it's the newest and best semiconductor play. The semiconductor index is one of the most over heated sectors on wallstreet. Consistently new highs week after week.

I know it's more expensive than INTC now but if you look at its business model, it makes sense though. It's making a product that is highly in demand. The company's had consistently strong earnings for the last few years.

 

[Visaria]

I'm surprised it's not a takeover target.