Should You Buy Micron Stock Below $1,000? Here's What the Math Says.

Given the volatile price swings over that time, when Micron's stock price falls below $1,000, investors may be wondering whether it's a "buy-the-dip" moment or if it's better to stay on the sidelines. Based on the median price target from 54 analysts tracked by CNN, here's what the math suggests about whether buying Micron below $1,000 has a favorable risk-to-reward setup. Where Micron stock could be in the next 12 monthsAccording to 54 analysts, the median price target for Micron over the next year is $1,600. That's why price targets aren't guaranteed to come true, and they shouldn't be used as the main reason for buying a stock. As of this writing, the stock has climbed more than 780% over the past 12 months.