President Trump praised Micron on Truth Social, calling it one of the hottest companies in the world. MU stock still fell about 5% this week, trading around $918.75. This decline erases all gains made on August 20, when the $10 billion research lab was officially announced. Micron is still worth roughly $1.04 trillion, but remains 27% below its record high of $1,255. Despite this stock setback, 30 out of 31 analysts recommend buying with a 12-month target price of $1,556.55, approximately 69% above Thursday’s price.
Source: Read the original article
