Micron Stock (MU) Gains as Analysts Raise Price Targets After Strong Q4 Performance

Micron Technology's shares are climbing in pre-market trading following a robust fiscal fourth-quarter beat that surpassed analyst expectations for both revenue and earnings. The company's optimistic first-quarter forecast further bolstered investor confidence.

CEO Sanjay Mehrotra emphasized Micron's unique position as the sole U.S.-based memory manufacturer, positioning it to capitalize on growing AI demand. Bank of America Securities analyst Vivek Arya increased his price target to $180, citing dual growth drivers: surging AI needs and disciplined memory industry supply.

While maintaining a 'Hold' rating, Arya significantly raised his earnings projections for fiscal 2026 and 2027, reflecting improved pricing dynamics and strong high bandwidth memory sales. The Q4 HBM revenue of approximately $2 billion met market expectations.