Micron Stock (MU) Soars as Analysts Boost Price Targets After Stellar Q4 Performance

Micron just delivered a quarter that made Wall Street sit up and take notice—while making short-sellers sweat.

The memory chip giant smashed expectations with numbers that reminded everyone why semiconductors remain the backbone of modern tech.

Analysts Playing Catch-Up

Price target hikes came fast and furious after the earnings beat. Because nothing makes analysts move quicker than being proven wrong by actual performance.

The Real Story Behind the Numbers

This wasn't just luck—it's strategic positioning in AI-driven memory demand meeting execution. While traditional finance types were worrying about cyclical patterns, Micron was busy capitalizing on the computational arms race.

Another quarter proving that sometimes the best trades happen when you ignore the herd and focus on fundamentals—a concept that would give most fund managers an identity crisis.

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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%.