Micron (MU) stock is rising in pre-market trading today as analysts are raising their price targets after the company’s strong Q4 beat. After the markets closed on September 23, Micron reported fiscal fourth quarter 2025 results that beat analysts’ estimates on both sales and earnings. Wall Street was also impressed by Micron’s stronger-than-expected forecast for the first quarter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
CEO Sanjay Mehrotra pointed out that “Micron is the only US-based memory manufacturer.” He believes this puts Micron in a very opportunistic position to capitalize on the AI opportunity.
BofA Highlights Dual Growth Drivers
Bank of America Securities top analyst Vivek Arya raised his price target on Micron from $140 to $180, implying 8.2% upside potential from current levels. Arya noted that Micron benefits from the “dual-drivers” of rapidly growing AI demand and supply discipline in the memory industry. These factors have resulted in a steady rise in product pricing and boosted sales of high bandwidth memory (HBM). He also increased his fiscal 2026 and 2027 earnings forecasts by 38% and 56%, respectively.
Nonetheless, Arya maintained his “Hold” rating on MU, Q4 HBM sales of about $2 billion came in line with expectations, and warned that Samsung’s (SSNLF) entry into the HBM market in 2026 could pressure Micron’s market share and pricing.
Barclays and Citi Back Aggressive HBM Strategy
Barclays analyst Thomas O’Malley lifted his price target to $195 (from $175), implying 17.2% upside potential. He maintained his “Buy” rating on MU, citing the company’s “more aggressive” HBM strategy. This coupled with price increases of embedded solid-state drive (SSD) is driving Micron’s near-term fundamentals higher.
Meanwhile, Citi analyst Christopher Danely was even more bullish, increasing his price target from $175 to $200, implying 20.2% upside potential. He credited the Q4 beat to higher AI demand and improved pricing trends. Danely expects ongoing demand growth from the company’s data center business and anticipates further tightening in the DRAM market in 2026. Danely reiterated his “Buy” rating on the stock.
Is Micron a Good Buy Right Now?
On TipRanks, MU stock has a Strong Buy consensus rating based on 25 Buys and four Hold ratings. The average Micron price target of $170.14 implies 2.2% upside potential from current levels. Year-to-date, MU stock has surged over 98%.
