Based on the average brokerage recommendation (ABR), Micron (MU) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Micron (MU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Many leading semiconductor companies saw their stock prices soar in January 2023, according to data from S&P Global Market Intelligence. For example, Qualcomm (NASDAQ: QCOM) shares gained 19.7%, while Micron Technology (NASDAQ: MU) stock rose by 23.5%. Taiwan Semiconductor (NYSE: TSM) jumped even higher, closing the month's trading 25% higher.