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

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

Christopher Danely from Citi raised the price target on Micron Technology following strong Q4 FY2025 results. The company posted a revenue of $11.32 billion during Q4, beating consensus by $159.82 million. The adjusted earnings per share came in at $3.03, up against the estimated $2.86. For the full year 2025, Micron achieved a record revenue of $37.4 billion, representing almost a 50% increase from a year ago.

Danely remains bullish on Micron, citing robust demand for the company’s data center end market, and expects the DRAM market to tighten more in 2026. Micron’s data center business contributed a record 56% of the total company’s revenue in 2025, with gross margins reaching 52%. Moreover, the company’s HBM revenue soared to $2 billion in Q4, indicating an annualized run rate of approximately $8 billion.

As of September 30, Micron Technology, Inc.’s (NASDAQ:MU) average price target of $195, based on analysts’ estimates, implies an upside of nearly 16.54% from current levels.

Micron Technology, Inc. (NASDAQ:MU) is a leading chipmaker that designs and develops memory and storage products. The company operates through four segments: Computer and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.

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Disclosure: None. This article is originally published at Insider Monkey.