Micron Technology (NASDAQ:MU) has a long history as a chip stock. With that designation comes the inevitable volatility inherent in this cyclical industry. The company has often moved higher during a time of rising memory prices, only to collapse when memory demand dries up.
For this reason, predicting where Micron stock goes over the next year probably hinges on the expected direction of memory prices. Let’s take a closer look at where analysts believe the memory market is headed over the next year.
In the most recent earnings call, CEO Sanjay Mehrotra sounded an optimistic tone on DRAM