Micron is delivering solid earnings and cash flows in spite of falling industry demand. Industry conditions seem to be improving over the middle term. Micron stock is attractively valued at current levels. Even if the stock could be overbought in the short term, it still offers plenty of room for appreciation in the years ahead.
Micron (MU) stock is on fire, gaining nearly 55% in the past year on the back of solid financial performance from the company and improving demand prospects for the sector. The stock may be too hot in the short term, but it still offers attractive upside potential in the years ahead.