... [+] (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty ImagesMicron Technology stock (NASDAQ: MU) is up 16% since the beginning of this year, but at the current price of around $63 per share, we believe that Micron stock has more than 20% potential downside. Our belief stems from the fact that Micron stock is still up almost 100% from the low seen at the end of 2018, almost 2 years ago. Further, after posting weak Q4 2020 numbers, and with demand still not up to pre-Covid levels, we believe Micron’s stock could drift lower. Our dashboard What Factors Drove 96% Change In Micron Technology Stock Between 2018 And Now? See all Trefis Price Estimates and Download Trefis Data hereWhat’s behind Trefis?

Source: Forbes November 27, 2020 18:33 UTC