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Barchart
Barchart
Mark R. Hake, CFA

Micron Delivers Strong Cash Flow from AI Growth - MU Stock Looks Cheap Here

MU Micron Micron Technology AnaChart Barchart

Micron Technology (MU) delivered strong revenue, cash flow, and business outlook in its Sept 25 report for the fiscal Q4 ending Aug. 29. This came from heavy AI-related spending by its clients. As a result, MU stock looks cheap here as its target price is now over 30% higher at $140 per share.

MU closed at $107.50 on Friday, Sept. 27, up from its recent low of $86.38 on Sept. 6. Analysts are reviewing the company's strong results and are raising their target prices.

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