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Where Will Micron Technology Stock Be in 1 Year?
Micron Technology (NASDAQ: MU) stock has been on a roller-coaster ride in the past year, rising incredibly through the first half of 2024 before losing its wheels and dropping 39% from the 52-week high it achieved in June of last year.The initial rally in Micron stock at the beginning of 2024 was so strong that its one-year returns still stand at 8.4%, ahead of the 6% gains clocked by the PHLX Semiconductor Sector index during the same period. A big reason why Micron stock dropped sharply in the past year despite logging robust growth in its revenue and earnings is that its guidance tends to be either below or in line with Wall Street's expectations.For example, Micron's previous quarterly report, released in December 2024, sent its shares packing as its guidance was way behind consensus expectations on account of slower growth in consumer-focused end markets. However, with memory sales expected to improve substantially in 2025, it is easy to see why Micron stock has jumped nearly 11% already this year.Continue reading
Micron Technology (NASDAQ: MU) stock has been on a roller-coaster ride in the past year, rising incredibly through the first half of 2024 before losing its wheels and dropping 39% from the 52-week high it achieved in June of last year.
The initial rally in Micron stock at the beginning of 2024 was so strong that its one-year returns still stand at 8.4%, ahead of the 6% gains clocked by the PHLX Semiconductor Sector index during the same period. A big reason why Micron stock dropped sharply in the past year despite logging robust growth in its revenue and earnings is that its guidance tends to be either below or in line with Wall Street's expectations.
For example, Micron's previous quarterly report, released in December 2024, sent its shares packing as its guidance was way behind consensus expectations on account of slower growth in consumer-focused end markets. However, with memory sales expected to improve substantially in 2025, it is easy to see why Micron stock has jumped nearly 11% already this year.
