Citi Raises Price Target on Micron Technology From $175 to $200, Keeps Its Buy Rating

Micron Technology, Inc. (NASDAQ:MU) is recognized as one of the Top 10 Long-Term Stocks to Invest In According to David Tepper. On September 25, Citi increased its price target for Micron Technology, Inc. (NASDAQ:MU) from $175 to $200, maintaining its Buy rating on the stock.

Christopher Danely from Citi adjusted the price target for Micron Technology after the company reported impressive Q4 FY2025 results. Micron recorded a revenue of $11.32 billion in Q4, surpassing expectations by $159.82 million. The adjusted earnings per share were reported at $3.03, exceeding the forecasted $2.86. For the entirety of 2025, Micron achieved a record revenue of $37.4 billion, marking nearly a 50% increase from the previous year.

Danely expresses optimism about Micron, highlighting strong demand in the data center sector and anticipating further tightening in the DRAM market by 2026. The data center segment accounted for a remarkable 56% of Micron’s total revenue in 2025, with gross margins hitting 52%. Additionally, the company’s HBM revenue increased to $2 billion in Q4, translating to an annualized run rate of around $8 billion.

As of September 30, Micron Technology, Inc. (NASDAQ:MU) has an average price target of $195, based on analyst assessments, suggesting a potential upside of nearly 16.54% from its current valuation.

Micron Technology, Inc. (NASDAQ:MU) is a prominent semiconductor manufacturer known for designing and producing memory and storage solutions. The firm operates across four divisions: Computer and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.

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Disclosure: None. This article was originally published by Insider Monkey.