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Micron Technology (MU) stock may have peaked as it is off its recent highs. At over $1,000 per share, it is well over most analysts' price targets. One issue is how analysts and the market are valuing Micron's expected free cash flow (FCF). This article will discuss that issue.
MU is at $1,022 in midday trading on Thursday, June 4. That is off its recent closing price peak of $1,079.57 on June 3. However, since its recent May 13 peak of $803.63 (and later slide to $681.54 on May 18), MU stock has spiked +27%. It's still up over 50% since the May 18 trough. But can it keep climbing at this rate?
