Is good buy mu right now?

**Micron Technology (MU) appears to be a strong buy according to Wall Street analysts**, as evidenced by the following: 1. **Analyst Consensus**: The consensus rating for MU stock is "Strong Buy" according to 26 analysts, with an average price target of $155.8, which represents a 14.48% increase from the current price. 2. **Revenue Growth**: Micron has experienced a significant year-on-year revenue growth rate of 81.53% as of September 30, 2024. 3. **Technical Indicators**: The formation of a hammer chart pattern suggests that the stock may have found support and could be poised for a trend reversal. 4. **Market Position**: Micron's position in the semiconductor industry, particularly in the high bandwidth memory chips, positions it well in the growing market for artificial intelligence (AI) applications. However, investors should consider the following cautionary points: 1. **Earnings Report Reaction**: Despite a strong revenue performance, the stock dropped 7% after the company reported earnings, which could indicate market skepticism about the company's future prospects. 2. **Profitability Concerns**: Micron's net profit margin has been negative in recent quarters, which could be a concern for investors. 3. **Valuation Metrics**: The P/E ratio is currently -102.43, which is quite high and suggests that the stock may be overvalued by some investors. In conclusion, while there are positive indicators pointing to a strong buy, potential investors should also consider the mixed signals from recent earnings and profitability concerns. It's important to conduct thorough due diligence and consider one's investment strategy and risk tolerance before making a decision.