Why Micron Technology (MU) Stock Is Still a 'Buy'

NEW YORK (TheStreet) -- TheStreet Ratings team has reiterated its "buy" rating for Micron Technology (MU), making Monday's sell-off a potential entry point.

Shares of Micron were falling 2.4% to $24.65 Monday as tech stocks sell off.

Despite the recent sell-off shares of Micron are up 9.6% over the past three months. The stock gained 51.1% in the past six months. More than 27.7 million shares of Micron were traded as of 3:40 p.m., compared to the average daily volume of about 33.3 million shares.

Other tech stocks that are selling-off Monday include Facebook (FB), Amazon (AMZN), and Salesforce (CRM).

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TheStreet Ratings team rates MICRON TECHNOLOGY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICRON TECHNOLOGY INC (MU) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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