Can Micron make a Comeback?

Gollum

According to Barrons, they can.

Micron Technology (MU) was a huge winner in 2013 and 2014 however this year not so lucky. MU has lost 1/2 it's value in 2015. However since 2013 the stock is stil up almost 200% despite it's crap performance in 2015.

Even without Barrons endorsement the average analyst 12 month price target (via Finviz.com) says Micron could move 24%. We suspect MU will get the "Barrons Bounce" come Monday when trading resumes.  Even with the bounce there is room to get in as the sector and market itself recovers.

Ticker Price 52 Wk-High 52 Wk-Low P/E EPS From 52wk High From 52wk Low Finviz TP % from Finviz TP
MU $18.16 $36.59 $13.50 6.05 3.00 -101.49% 28.38% $22.55 24.17%

Who cares what we think. Check out Barrons piece for the 411 on why MU is a buy at these levels.  

MU Micron Technology, Inc. daily Stock Chart