Key Stats for Micron Stock
- Price Change for $MU stock: 7.5%
- Current Share Price: $151
- 52-Week High: $156
- $MU Stock Price Target: $151
What Happened?
Micron Technology (MU) jumped roughly 8% on Thursday after Citi analysts raised the price target on MU stock to $175 from $150 and maintained a “buy” rating on the memory chip manufacturer.
The upgrade comes ahead of Micron’s fiscal fourth-quarter earnings report scheduled for September 23.
The analysts cited stronger-than-expected demand for dynamic random-access memory (DRAM) chips, particularly from data center customers, driving the buildout of artificial intelligence infrastructure.
In an investor note, Citi wrote that the “continued memory upturn is being driven by limited production and better than expected demand, particularly from the data center end market.”
Recent conference transcripts reveal Micron’s strong positioning in the AI memory market, with the company achieving a record $6 billion annual run rate in high-bandwidth memory (HBM) products.
Management highlighted that HBM demand visibility extends further into the future than the company has ever experienced, with deep customer partnerships for next-generation HBM4 and custom HBM4E products that will feature customer-specific logic integration.
See analysts’ growth forecasts and price targets for Micron stock (It’s free!) >>>
What the Market Is Telling Us About Micron Stock
The analyst upgrade and stock surge reflect growing confidence in Micron’s ability to capitalize on the AI-driven memory boom.
Citi expects Micron to report strong fourth-quarter results with revenue guidance “well above expectations, driven by higher DRAM and NAND sales and pricing.”
The 80% year-to-date gain in MU stock demonstrates investor enthusiasm for the company’s exposure to AI infrastructure spending.
With hyperscale customers planning over $400 billion in combined capital expenditures, much of it directed toward data centers and AI infrastructure, Micron appears well-positioned to benefit from this multi-year technology cycle.
The market is particularly optimistic about Micron’s technological differentiation, including its leadership in low-power DRAM for data centers and its position as the only major U.S.-based memory manufacturer with plans for domestic production expansion.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
