At $7.68, this stock could double up

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Looks like a safe play between $7.60 and $10.00 in the near future.

Micron Technology (MU) makes semiconductors. Micron swung to a fiscal fourth-quarter profit of $342 million, or 32 cents a share, as revenue surged 91% to $2.5 billion. The operating margin turned positive. Micron’s stock sells for a trailing earnings multiple of 3.8, a forward earnings multiple of 6, a book value multiple of 0.9, a sales multiple of 0.8 and a cash flow multiple of 2.3 — 82%, 54%, 84%, 75% and 84% discounts to semiconductor industry averages. Of analysts following Micron, 14 rate its stock “buy”, nine rate it “hold” and just one ranks it “sell.”

Bullish Scenario: Raymond James Financial forecasts that Micron’s stock will rise 138% to $18.

Source: TheStreet.com

MU Industry: Semiconductor- Memory Chips



Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.