Christopher Danely, an analyst from Citi, reiterated the Buy rating on Micron. The associated price target was raised to $200.00.
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Christopher Danely has given his Buy rating due to a combination of factors including Micron’s strong financial performance and favorable market conditions. The company reported a significant increase in revenue and gross margin for the fourth quarter of fiscal year 2025, surpassing both Citi’s and consensus estimates. This growth was largely driven by heightened demand from the AI sector, which has led to a more favorable product mix and pricing.
Additionally, Micron’s guidance for the first quarter of fiscal year 2026 indicates continued strength, with expected revenue and earnings per share exceeding consensus forecasts. The DRAM market is anticipated to become even tighter, benefiting Micron due to its substantial exposure to AI-driven demand. As a result, Danely has raised the price target for Micron’s stock, reflecting confidence in the company’s future prospects and the ongoing upturn in the DRAM market.
In another report released today, KGI Securities also upgraded the stock to a Buy with a $196.00 price target.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MU in relation to earlier this year.