Micron Stock Keeps Soaring, as Investors Make Unusually Heavy MU Option Trades

Micron Technology (MU) stock is up again over 5% today, and unusual options activity is seen in a Barchart report. Analysts keep raising their revenue and price targets over the next two years. As a result, MU stock could still be 18% undervalued. This article will show why.

MU is at $523.35 in midday trading, up over 5.3% on the day. It has soared since bottoming out on March 30 at $321.80. However, it could be worth as much as $620 per share based on strong free cash flow (FCF) expectations.