Micron Technology (MU), a leading American semiconductor company, is gradually emerging as an important player in the world of high-stakes semiconductors. Recently, Micron reported solid fiscal third quarter results.
As a result, Citi analysts raised their stock price target from $130 to $150. This reflects the possibility of a 23.2% increase from current levels. Micron stocks have grown 45.6% since the start of the year, significantly surpassing the wider market index.
Find out if City Analysts are so optimistic about stocks and whether they’ll buy them now.
Citi analyst Christopher Denary’s price target upgrade follows stronger results and guidance than expected. The majority of the rise came from NAND rather than drums, but can explain the stock’s decline following revenue calls, but Danely remains bullish. Citi also raised its revenue estimates, citing the rebound of Micron’s increased exposure to artificial intelligence (AI) as a major growth driver.
Micron’s core business is manufacturing memory and storage products such as DRAM, NAND flash memory, and high bandwidth memory (HBM). It enables the digital world by providing data centers and memory and storage technologies that provide cloud computing, AI, and machine learning, smartphones, mobile devices, automobiles and consumer electronics. This usefulness is reflected in the company’s third quarter 2025 revenue. Total revenues rose 36.6% year-on-year to $9.3 billion. Adjusted net income increased 208% to $1.91 per share. The adjusted total margin increased from 28.1% in the previous year’s quarter to 39%. This surge was driven by strong demand from AI data centers, higher than expected DRAM pricing, and improved dynamics in the NAND market.
Micron has invested heavily in long-term innovation. It unveiled a multi-billion dollar project to expand its manufacturing footprint in the US. Despite the heavy investment, the company’s balance sheet remains strong, with approximately $12.2 billion in cash and marketable securities and $1.95 billion in free cash flow adjusted at the end of the third quarter. This gives the company the flexibility to invest in product innovation and weather volatility.
