:max_bytes(150000):strip_icc()/GettyImages-2247416388-94fcf391125e4dd3b2076cc7a4696e09.jpg "Micron Stock Has Gained More Than 200% This Year. Why Experts See Additional Record Highs on the Horizon.")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2247416388-94fcf391125e4dd3b2076cc7a4696e09.jpg)
Key Takeaways
- Micron Technology shares hit a fresh record high Wednesday after Wall Street analysts boosted their price targets for the stock ahead of the company’s earnings report next week.
- Analysts say that surging demand for memory chips made by Micron and other companies is causing a shortage and a massive increase in prices, which should boost Micron’s sales and profits in the coming quarters.
One of the hottest AI stocks appears to have more room to run.
Shares of Micron Technology (MU) have surged to all-time highs this week as analysts continue to raise their targets for the memory chip maker ahead of next week’s earnings report.
Citi analysts on Wednesday lifted their price target to $300 from $275, now double where their target for the stock was in early September. The analysts said the increasing demand for the advanced memory chips used to run artificial intelligence models should help bring in “large capital infusions” that help Micron and other memory chip makers boost their manufacturing capabilities to meet demand.
Micron shares rose more than 4% Wednesday to a record closing high of just below $264. The stock price has more than tripled since the start of the year.
Why This Matters to Investors
Micron supplies memory components to other manufacturers such as Nvidia (NVDA) and Advanced Micro Devices (AMD), making Micron one of many beneficiaries of the AI trade. Micron is the top performing stock in the Nasdaq 100 this year, and only four stocks in the S&P 500 have posted bigger gains in 2025.
Artificial intelligence companies are looking to buy the chips as fast as they can be made, leading to a shortage of memory chips that Citi analysts say is causing “unprecedented increases” in pricing, which should further boost Micron’s sales and profits.
Deutsche Bank analysts on Tuesday hiked their own price target to $280 from $200, calling Micron “well poised to benefit” from changes in the memory-chip market. The analysts also called Micron “particularly attractive among the memory names given its unique ability to prioritize profitability over market share in this environment.”
Morgan Stanley analysts raised their own price target for Micron last month to $325 from $220 after upgrading the stock in October, calling the memory chip maker a “top pick” because of how that dramatic increase in pricing for memory products could boost sales and profits in the next year, even if prices start to normalize.
Analysts are largely bullish on Micron stock, but its average price target suggest that some analysts think the chip maker’s stock has hit its ceiling, or are waiting until after next week’s report to adjust their view. The 11 analysts with current ratings tracked by Visible Alpha are split between nine “buy” and two “hold” ratings, with the average price target among those analysts at around $237.
